Li Auto (LI) Research & Development (2020 - 2026)
Li Auto (LI) 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 (LI) 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 LI's Research & Development at -$394.6 million in Q1 2026, -$431.4 million in Q4 2025, and -$417.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,042.09 Bn | 998.56 Bn | 4.75 Bn | 2.37 Bn |
| 2 | Toyota Motor | 242.42 Bn | 108.20 Bn | 12.27 Bn | - |
| 3 | Honda Motor | 122.32 Bn | 88.11 Bn | -34.06 Bn | 15.60 Bn |
| 4 | Ford Motor | 81.57 Bn | 50.24 Bn | 6.08 Bn | - |
| 5 | General Motors | 80.05 Bn | 55.33 Bn | 7.33 Bn | - |
| 6 | Li Auto | 26.01 Bn | 12.56 Bn | 262.11 Mn | -394.63 Mn |
| 7 | Xpeng | 22.52 Bn | 19.98 Bn | 388.90 Mn | -421.43 Mn |
| 8 | Rivian Automotive | 20.71 Bn | 15.40 Bn | 179.00 Mn | 466.00 Mn |
| 9 | Stellantis | 16.33 Bn | -25.12 Bn | 5.55 Bn | 1.52 Bn |
| 10 | Nio | 11.59 Bn | 7.00 Bn | 704.43 Mn | -273.27 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |