Li Auto (Lixiang)

Performance indicators

2024: Revenue growth of 16.6% to $19.8 billion

In 2024, the Chinese automaker Li Xiang received revenue of $19.8 billion, which is 16.6% more compared to 2023. The significant increase was driven by increased vehicle sales, according to a financial report released on March 14, 2025.

Operating expenses Li Xiang in 2024 amounted to $3.1 billion, which is 12.7% more compared to the previous year. Net profit was recorded at $1.1 billion: according to this indicator, there was a decrease of 31.9% on an annualized basis. Vehicle sales in 2024 amounted to $19 billion, which is 15.2% more than in 2023. Other sales and services provided a contribution of $811.3 million with an increase of 66.5% on an annualized basis.

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Фото: Li Xiang

Shipments of Li Xiang vehicles increased throughout 2024. In particular, in the first quarter the company delivered 80,400 cars, in the second - 108,581, in the third - 152,831, in the fourth - 158,696 units. For comparison, in 2023, the quarterly volume of shipments was 52,584, 86,533, 105,108 and 131,805 units, respectively. Thus, in general, in 2024, the company delivered 500,508 vehicles, which is 33.1% more than the previous year, when 376,030 cars were shipped.

The financial report said that as of February 28, 2025, Li Xiang in China had 500 retail stores in 150 cities, 488 service centers and authorized body and paint workshops in 224 cities, as well as 1874 super charging stations equipped with a total of 10 thousand charging units. The company has officially opened its first foreign research center in Munich (Germany), which will contribute to the development and implementation of advanced solutions.^[1]

2023: Lag behind BYD and Tesla in EV sales

History

2025: Announcement of the official entry into the Russian market

The Li Auto brand will be officially presented on the Russian market in the fourth quarter of 2025. This was announced in March 2025 by the press service of the distributor company Sinomach Auto, which began to form a dealer network. She will be responsible for warranty and after-sales services. The distributor will also be engaged in certification of cars in the domestic market. First of all, it is planned to certify the most popular models, which make up 97% of demand in Russia, these are SUVs with indices 6, 7 and 9.^[2]

2024: Problem with the car park system. VIDEO

In early September 2024, reports began to appear on the Internet that the automatic parking system in popular Chinese Lixiang cars in Russia was causing serious failures. Machines behave inadequately, creating emergency situations.

The parking system allows you to control Lixiang cars remotely using a smartphone. To use the function, the driver just needs to stop in front of the selected parking space, leave the vehicle interior and give the parking command. Further, the car will independently perform the necessary maneuvers, moving forward and backward. Built-in cameras, radars and other sensors also allow Lixiang cars to find the right parking spot on their own.

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Фото: Lixiang

However, videos began to appear on the Internet, clearly demonstrating that the parking system in Lixiang cars is terribly stupid. One of these records, for example, shows how the driver left the car, giving the command to put in the parking space. After that, the car began to slowly reverse, but could not drive into the empty seat, despite the fact that there were no other vehicles around. Having made several unsuccessful maneuvers, the car unexpectedly began to move forward and drove onto the roadway, where it interfered with other traffic participants several times. One of the motorists even had to stop completely, as the actions of the Lixiang autopilot could turn into an accident.

As a result, the owner of the car was able to drive the network and take control. Meanwhile, social media users are wondering if it is worth releasing drones on public roads if even relatively simple automatic parking systems do not cope with their tasks.^[3]

Notes