Li Auto Inc. (NASDAQ:LI) stock fell on Wednesday after the Chinese EV maker reported a steep decline in fiscal third-quarter 2025 results, weighed by lower deliveries, margin compression, and costs tied to a major vehicle recall.
Quarterly revenue fell 36.2% year over year to 27.4 billion Chinese yuan ($3.80 billion), though it came in slightly ahead of the analyst consensus estimate of $3.76 billion. Adjusted net earnings per ADS showed a loss of 0.36 yuan (5 cents), missing the Street’s expectation of a 4-cent gain.
