理想汽车：2025年第四季度车辆销售收入同比减少36.1%

Core Viewpoint - Li Auto announced that its vehicle sales revenue for Q4 2025 is projected to be RMB 27.3 billion (USD 3.9 billion), representing a 36.1% decrease compared to RMB 42.6 billion in Q4 2024, but a 5.4% increase from RMB 25.9 billion in Q3 2025 [1] Financial Performance - The vehicle gross margin for Q4 2025 is expected to be 16.8%, down from 19.7% in Q4 2024 and up from 15.5% in Q3 2025 [1]