Zhi Tong Cai Jing·2025-09-12 09:15Core Viewpoint - The report from Guolian Minsheng indicates that Li Auto's sales and profitability are under pressure due to intensified industry competition, with projected revenues and net profits showing fluctuations from 2025 to 2027 [1] Group 1: Sales Performance - In August 2025, Li Auto delivered 28,529 vehicles, reflecting a year-on-year decrease of 40.7% and a month-on-month decrease of 7.2% [1][2] - The performance of pure electric models is accelerating, with the Li MEGA Home achieving over 3,000 deliveries in August and expected production capacity to exceed 3,500 units in September [2] - The Li i8 is ramping up production, with expected deliveries between 8,000 to 10,000 units by the end of September, while the Li i6 is anticipated to launch in September with a price range of 250,000 to 300,000 yuan [2] Group 2: AI Development - Li Auto is accelerating its investment and development in AI, leveraging its computational power and data scale advantages, which may help maintain its leading position in the future [3] - The launch and delivery of the i8 will coincide with the rollout of the VLA driver model and the Li Xue intelligent system, enhancing the product strength in the AI domain [3] - An OTA 8.0 update is expected to be fully pushed to all AD Max models in September, marking a significant evolution of the Li Xue intelligent system [3] Group 3: Charging Infrastructure - As of August 31, 2025, Li Auto has established 543 retail centers across 156 cities, along with 536 after-sales service and authorized repair centers in 222 cities [4] - The company has deployed 3,190 Li Supercharging stations, equipped with 17,597 charging piles nationwide, contributing to the improvement of its pure electric ecosystem [4]