Li Auto delivers 44,246 cars in Dec, down 24% year-on-year

CnEVPost
2026.01.01 02:12
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Li Auto reported a delivery of 44,246 vehicles in December, marking a 24.38% year-on-year decline, but a 33.35% increase from November. In Q4, total deliveries were 109,194, down 31.19% year-on-year but up 17.15% from Q3. For the full year 2025, deliveries reached 406,343, an 18.81% decrease compared to the previous year. This marks the seventh consecutive month of decline, although Q4 deliveries fell within the company's guidance range of 100,000 to 110,000 units.

  • In the fourth quarter, Li Auto delivered 109,194 vehicles, a 31.19 percent year-on-year decline but a 17.15 percent increase from the third quarter.
  • For the full year 2025, Li Auto delivered 406,343 vehicles, down 18.81 percent year-on-year.

Li Auto (NASDAQ: LI, HKG: 2015) continued to see a year-on-year decline in deliveries last month, though with a significant improvement over November.

The company delivered 44,246 vehicles in December, its highest monthly total in 2025, according to data released today.

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This represents a 24.38 percent year-on-year decline, marking the seventh consecutive month of contraction, though it reflects a 33.35 percent increase compared to November.

Li Auto monthly deliveries

2023 2024 2025

In the fourth quarter, Li Auto delivered 109,194 vehicles, down 31.19 percent year-on-year but up 17.15 percent from the third quarter.

Li Auto quarterly deliveries

2023 2024 2025

Quarterly deliveries fell within its guidance range of 100,000 to 110,000 units.

For the full year 2025, Li Auto delivered 406,343 vehicles, down 18.81 percent year-on-year.