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

Li Auto (LI) has reported Research & Development for 7 consecutive years, with -$394.6 million the latest figure, recorded in 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 came in at -$394.6 million for Q1 2026 at Li Auto, 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.
• Average Research & Development over 5 years is -$353.0 million, with a median of -$368.6 million recorded in 2024.
• Across the five-year window, Research & Development plunged 176.0% in 2022 and soared 32.9% in 2024, its largest moves.
• Year by year, Research & Development stood at -$300.1 million in 2022, then plunged by 63.83% to -$491.7 million in 2023, then jumped by 32.9% to -$329.9 million in 2024, then slumped by 30.74% to -$431.4 million in 2025, then rose by 8.52% to -$394.6 million in 2026.
• According to Business Quant data, Research & Development over the past three periods registered -$394.6 million, -$431.4 million, and -$417.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.