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Li Auto (LI) Research & Development (2020 - 2025)

Li Auto has reported Research & Development over the past 6 years, most recently at -$431.4 million for Q4 2025.

  • For Q4 2025, Research & Development fell 30.74% year-over-year to -$431.4 million; the TTM value through Dec 2025 reached -$1.6 billion, down 3.28%, while the annual FY2025 figure was $1.6 billion, 6.68% up from the prior year.
  • Research & Development for Q4 2025 was -$431.4 million at Li Auto, down from -$417.8 million in the prior quarter.
  • Over five years, Research & Development peaked at -$78.5 million in Q1 2021 and troughed at -$491.7 million in Q4 2023.
  • A 5-year average of -$305.9 million and a median of -$332.2 million in 2023 define the central range for Research & Development.
  • Biggest five-year swings in Research & Development: tumbled 436.56% in 2021 and later soared 32.9% in 2024.
  • Year by year, Research & Development stood at -$193.0 million in 2021, then tumbled by 55.5% to -$300.1 million in 2022, then tumbled by 63.83% to -$491.7 million in 2023, then soared by 32.9% to -$329.9 million in 2024, then plummeted by 30.74% to -$431.4 million in 2025.
  • Business Quant data shows Research & Development for LI at -$431.4 million in Q4 2025, -$417.8 million in Q3 2025, and -$392.3 million in Q2 2025.