Li Auto Inc. (LAAOF) Research & Development (2020 - 2026)

Li Auto (LAAOF) posted quarterly Research & Development of -$394.6 million for Q1 2026, down 13.92% year-over-year from -$458.4 million in Q1 2025, and up 8.52% quarter-over-quarter from -$431.4 million in Q4 2025.

Li Auto Inc. (LAAOF) Research & Development (2020 - 2026) Analysis & Trends

Li Auto's Research & Development history runs 7 years deep, the most recent figure standing at -$394.6 million for Q1 2026.

  • In Q1 2026, Research & Development fell 13.92% year-over-year to -$394.6 million; the TTM figure through Mar 2026 stood at -$1.6 billion (down 11.94% YoY), while the FY2025 annual figure was $1.6 billion, up 6.68% from the prior year.
  • Research & Development for Q1 2026 stood at -$394.6 million, up from -$431.4 million in the prior quarter.
  • The five-year high for Research & Development was -$216.7 million in Q1 2022, with the low at -$491.7 million in Q4 2023.
  • The 5-year median for Research & Development is -$368.6 million (2024), against an average of -$353.0 million.
  • The sharpest annual moves came in 2022 and 2024: Research & Development slumped 176.0% in 2022, then surged 32.9% in 2024.
  • Li Auto's Research & Development stood at -$300.1 million in 2022, then slumped by 63.83% to -$491.7 million in 2023, then soared by 32.9% to -$329.9 million in 2024, then plunged by 30.74% to -$431.4 million in 2025, then advanced by 8.52% to -$394.6 million in 2026.
  • Business Quant data shows LAAOF's Research & Development at -$394.6 million in Q1 2026, -$431.4 million in Q4 2025, and -$417.8 million in Q3 2025.

Peer Comparison

Historic Data

Download Data
DateValue
Mar 31, 2026 -394.63 Mn
Dec 31, 2025 -431.37 Mn
Sep 30, 2025 -417.80 Mn
Jun 30, 2025 -392.29 Mn
Mar 31, 2025 -346.42 Mn
Dec 31, 2024 -329.94 Mn
Sep 30, 2024 -368.58 Mn
Jun 30, 2024 -416.61 Mn
Mar 31, 2024 -422.27 Mn
Dec 31, 2023 -491.70 Mn
Sep 30, 2023 -386.13 Mn
Jun 30, 2023 -334.51 Mn
Mar 31, 2023 -269.72 Mn
Dec 31, 2022 -300.14 Mn
Sep 30, 2022 -253.65 Mn
Jun 30, 2022 -228.67 Mn
Mar 31, 2022 -216.74 Mn
Dec 31, 2021 -193.01 Mn
Sep 30, 2021 -137.89 Mn
Jun 30, 2021 -101.21 Mn