Li Auto Revises Downward its Q2 Delivery Forecast

BEIJING, China, June 27, 2025 — Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leading new energy vehicle manufacturer in China, has revised its delivery forecast for the second quarter of 2025. The company now anticipates delivering around 108,000 vehicles in Q2 2025, a decrease from the previous estimate of 123,000 to 128,000 vehicles. This adjustment is attributed to the short-term effects of the company’s sales system upgrade, which is intended to support long-term expansion. Li Auto is confident that it will complete the organizational upgrade before the launch of Li i8, thereby strengthening its organizational capabilities to effectively manage the new product cycle.

About Li Auto Inc.

Li Auto Inc. is a prominent player in China’s new energy vehicle market, specializing in the design, development, manufacture, and sale of premium smart electric vehicles. The company’s mission is “Create a Mobile Home, Create Happiness (创造移动的家,创造幸福的家),” and it aims to provide families with safe, convenient, and comfortable products and services through innovations in product, technology, and business model. Li Auto is a pioneer in successfully commercializing extended-range electric vehicles in China and is concurrently developing platforms for battery electric vehicles. The company focuses its in-house development efforts on proprietary range extension systems, innovative electric vehicle technologies, and smart vehicle solutions to create value for users. Volume production began in November 2019. The current model lineup includes Li MEGA, a high-tech flagship family MPV; Li L9, a six-seat flagship family SUV; Li L8, a six-seat premium family SUV; Li L7, a five-seat flagship family SUV; and Li L6, a five-seat premium family SUV. The company plans to broaden its product offerings to reach a wider customer base.

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Safe Harbor Statement

This press release contains forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. These statements are identifiable by terms like “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “targets,” “likely to,” “challenges,” and similar expressions. Li Auto may also issue forward-looking statements in its reports to the SEC and the HKEX, annual reports to shareholders, press releases, written materials, and oral statements by its officers, directors, or employees. Forward-looking statements, which are not historical facts, include statements about Li Auto’s beliefs, plans, and expectations and are subject to risks and uncertainties. Several factors could cause actual results to differ materially from those in forward-looking statements, including but not limited to: Li Auto’s strategies, business development, financial condition, and operating results; its limited operating history; risks related to extended-range electric vehicles and high-power charging battery electric vehicles; its ability to develop, manufacture, and deliver high-quality, appealing vehicles; its ability to generate positive cash flow and profits; product defects or vehicle performance failures; its ability to compete successfully; its ability to build its brand and manage negative publicity; order cancellations; its ability to develop new vehicles; and changes in consumer demand and government incentives. Further information on these and other risks is available in Li Auto’s filings with the SEC and the HKEX. All information in this press release is current as of the release date, and Li Auto undertakes no obligation to update any forward-looking statement, except as required by law.

For investor and media inquiries, please contact:

Li Auto Inc.
Investor Relations
Email: ir@lixiang.com

Christensen Advisory
Roger Hu
Tel: +86-10-5900-1548
Email: Li@christensencomms.com