Mei Ri Jing Ji Xin Wen·2025-11-26 09:43Core Viewpoint - Li Auto reported strong revenue figures for Q3 2025, maintaining its leading position among new energy vehicle manufacturers in China, despite facing challenges due to a recall of certain models [1] Financial Performance - The company achieved a quarterly revenue of 27.4 billion yuan and a total revenue of 83.5 billion yuan for the first three quarters of the year [1] - The gross margin for the quarter was impacted by a recall, but remained healthy at 20.4% when excluding the effects of the recall [1] Product Development - Li Auto's new models, the Li Auto i8 and Li Auto i6, have accumulated over 100,000 orders [1] - The Li Auto MEGA was recognized as the sales champion in the high-end pure electric vehicle market for Q3 [1] Research and Development - The company invested 3 billion yuan in R&D for the quarter, with an expected total R&D expenditure of 12 billion yuan for the year, including over 6 billion yuan specifically allocated to AI [1]