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Li Auto Inc. gained 0.7% to $28.70 despite the China-based electric vehicle maker reporting sharply lower net earnings in the fiscal first quarter 2025.

Revenue declined to 25.63 billion yuan from 44.27 billion yuan, net income slumped to 592.56 million yuan from 3.52 billion yuan, and diluted earnings per share fell to 0.28 yuan from 1.65 yuan a year ago.

The company delivered 92,864 vehicles in the quarter, an increase of 15.5% from 80,400 vehicles a year earlier.

Li Auto guided second-quarter revenue to be between 32.5 billion yuan and 33.8 billion yuan, an increase of 2.5% to 6.7% from 31.7 billion yuan a year earlier.

The company also expects to deliver between 123,000 and 128,000 vehicles during the second quarter, an increase of 13.3% to 17.9% from 108,581 vehicles in the previous year.

30 May, 2025

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