Vehicle Sales was Li Auto’s largest product and service line in fiscal 2025, bringing in $106.68B of $112.31B (95%).
| Product and Service | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Vehicle Sales | — | $120.29B | $138.54B | $106.68B | |||
| Motor Vehicles | $44.11B | — | — | — | |||
| Services | $1.18B | $3.56B | $5.92B | $5.63B | |||
| Other Sales & Services | — | — | — | — | |||
| Total | $45.29B | $123.85B | $144.46B | $112.31B |
Li Auto brought in $112.31B from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 22.3% from $144.46B in fiscal 2024. Vehicle Sales was the largest at $106.68B (95.0%), ahead of Services at $5.63B (5.0%).
Compared with fiscal 2024, Services fell 4.9% to $5.63B and Vehicle Sales fell 23.0% to $106.68B.
Li Auto stopped reporting Motor Vehicles as a separate line after fiscal 2022, when it brought in $44.11B.
Revenue Recognized At A Point In Time was Li Auto’s largest revenue line in fiscal 2025, bringing in $111.90B of $112.31B (100%).
| Timing of Transfer of Good or Service | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Revenue Recognized At A Point In Time | $45.15B | $123.62B | $144.11B | $111.90B | |||
| Revenue Recognized Over Time | $136.33M | $227.85M | $351.21M | $410.22M | |||
| Total | $45.29B | $123.85B | $144.46B | $112.31B |
Li Auto brought in $112.31B from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That was down 22.3% from $144.46B in fiscal 2024. Revenue Recognized At A Point In Time was the largest at $111.90B (99.6%), ahead of Revenue Recognized Over Time at $410.22M (0.4%).
From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $45.29B to $112.31B, a compound annual growth rate of 35.4%. Revenue Recognized At A Point In Time's share held steady at about 99.6%.
Li Auto (LI) reports its revenue by product and service and by timing of transfer of good or service. In fiscal 2025, Vehicle Sales was its largest product and service line, bringing in $106.68B (95.0% of the total), followed by Services at $5.63B (5.0%).
Vehicle Sales was Li Auto's largest product and service line in fiscal 2025, bringing in $106.68B, or 95.0% of the $112.31B total across its two product and service lines.
Revenue Recognized At A Point In Time was Li Auto's largest revenue line in fiscal 2025, bringing in $111.90B, or 99.6% of the $112.31B total across its two revenue lines.
Every figure comes from Li Auto's annual financial filings, as reported. Each line keeps the name Li Auto gives it, and years follow its fiscal calendar.
Li Auto's revenue by product and service goes back to fiscal 2019, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.