Li Auto (LI) 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 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.