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

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 was -$394.6 million for Q1 2026 at Li Auto, up from -$431.4 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of -$216.7 million in Q1 2022 to a low of -$491.7 million in Q4 2023.
• Historically, Research & Development has averaged -$353.0 million across 5 years, with a median of -$368.6 million in 2024.
• The sharpest annual moves came in 2022 and 2024: Research & Development tumbled 176.0% in 2022, then soared 32.9% in 2024.
• A 5-year view of Research & Development shows it stood at -$300.1 million in 2022, then tumbled by 63.83% to -$491.7 million in 2023, then jumped by 32.9% to -$329.9 million in 2024, then sank by 30.74% to -$431.4 million in 2025, then climbed by 8.52% to -$394.6 million in 2026.
• The last three Research & Development figures came in at -$394.6 million (Q1 2026), -$431.4 million (Q4 2025), and -$417.8 million (Q3 2025), per Business Quant data.