Li Auto Cuts Price Target to $14 After Q1 Loss and Soft Delivery Forecast
LI•LI•LI•LI•Li Auto reported Q1 revenue of RMB23 billion ($3.3 billion), down 11% year-on-year, and posted a net loss of RMB2.3 billion, reversing last year’s RMB646.6 million profit. The company forecast Q2 deliveries of 95,000–100,000 vehicles and Barclays cut its price target to $14 from $18.
Li Auto’s first-quarter revenue fell to RMB23 billion ($3.3 billion), an 11% decrease from the prior year, while the company swung to a net loss of RMB2.3 billion compared with a RMB646.6 million profit in Q1 2025.
Management projected second-quarter vehicle deliveries between 95,000 and 100,000 units, signaling softer consumer demand amid intensifying competition in China’s EV market.
Barclays reduced its price target for Li Auto shares to $14 from $18, citing weaker profitability metrics and the downward revision in delivery expectations.
China’s price-cutting strategies among EV manufacturers have heightened competitive pressures, challenging Li Auto’s ability to sustain margins and volume growth.
