From：Internet Info Agency 2026-08-26 17:56:00
On August 26, Li Auto released its unaudited financial results for the second quarter of 2026. The company reported revenue of RMB 25.7 billion for the quarter, an 11.7% increase quarter-over-quarter. Gross margin stood at 11.0%, up 3.1 percentage points from the previous quarter. Operating cash flow turned positive for the quarter. R&D expenses amounted to RMB 2.8 billion, while sales, general and administrative (SG&A) expenses totaled RMB 2.3 billion, down 16.2% year-over-year, representing an expense ratio of 8.9%. As of the end of Q2, the company held cash reserves of RMB 87.5 billion. Vehicle deliveries reached 98,330 units in Q2, a 3.4% increase quarter-over-quarter, with monthly deliveries exceeding 30,000 units each month. The new Li Auto MEGA and Li Auto i9 are scheduled to launch in September. The company expects vehicle deliveries for Q3 2026 to be between 95,000 and 100,000 units, with total revenue projected at RMB 26.6 billion to RMB 28.0 billion.
