Zheng Quan Ri Bao Wang·2025-08-28 13:44Core Viewpoint - Li Auto demonstrates resilience and strength in the face of market competition and internal adjustments, achieving robust financial performance in Q2 2023 [1] Financial Performance: Steady Profitability and Cash Reserves - The company reported a quarterly revenue of 30.2 billion yuan, a 16.7% increase from Q1 [1] - Net profit for the quarter reached 1.1 billion yuan, a 69.6% increase from Q1, marking 11 consecutive quarters of profitability [2] - Operating profit grew by 204.4% from Q1, reaching 827 million yuan [2] - As of Q1 2025, cash reserves stood at 110.7 billion yuan, supporting long-term R&D investments [2] R&D Investment: Significant Funding and Technological Leadership - Li Auto maintains a high R&D investment strategy, with quarterly R&D expenses of 2.8 billion yuan, averaging 1 billion yuan every three days [3] - Total expected R&D expenditure for the year is 12 billion yuan, with over 6 billion yuan allocated to AI technology [3] - The company has made significant breakthroughs in smart and electric technologies, with the upcoming OTA 8.0 featuring AI-based advanced driving and smart cockpit technologies [3] - The self-developed VLA driver model enhances user experience through natural language interaction and memory of user preferences [3] Product Strategy: Expansion into Pure Electric Vehicles - Li Auto is actively expanding its product line from range-extended electric vehicles to pure electric models, with the Li i8 SUV launched in July 2025 [5] - The Li i8 features long range, low energy consumption, spacious design, and low drag coefficient, having undergone extensive testing [5] - The company plans to release the Li i6 in September, targeting the mainstream market priced between 200,000 to 350,000 yuan [5] Charging Infrastructure: Accelerated Development - To support the launch of pure electric models, Li Auto is rapidly expanding its charging network, with 3,050 supercharging stations and 16,795 supercharging piles established by August 10, 2025 [6] - Both the Li i8 and Li i6 can achieve a charging experience of 500 kilometers in just 10 minutes, ensuring a worry-free electric driving experience [6]