TickerFacts.

Li Auto Inc. (LI): R&D Expense

Annual figures by period end, from SEC filings.

11.31B CNY
Year ended 2025-12-31
+18.6%
3-year compound annual growth
+59.4%
5-year compound annual growth
2018-12-31: 793.72M CNY2019-12-31: 1.17B CNY2020-12-31: 1.10B CNY2021-12-31: 3.29B CNY2022-12-31: 6.78B CNY2023-12-31: 10.59B CNY2024-12-31: 11.07B CNY2025-12-31: 11.31B CNY11.31B CNY
2018-12-31 R&D Expense (CNY) 2025-12-31
Period endedR&D ExpenseChange YoYSource filing
2025-12-3111.31B CNY+2.2%2026-04-10, From 2025-01-01
2024-12-3111.07B CNY+4.6%2026-04-10, From 2024-01-01
2023-12-3110.59B CNY+56.1%2026-04-10, From 2023-01-01
2022-12-316.78B CNY+106.3%2025-04-10, From 2022-01-01
2021-12-313.29B CNY+198.8%2024-04-12, From 2021-01-01
2020-12-311.10B CNY-5.9%2023-04-21, From 2020-01-01
2019-12-311.17B CNY+47.3%2022-04-19, From 2019-01-01
2018-12-31793.72M CNYn/a2021-03-10, From 2018-01-01

R&D Expense at similar companies

Companies with the same SEC industry code (Motor Vehicles & Passenger Car Bodies), reporting in the same currency, closest in revenue. Each shows its own latest fiscal year, so period ends differ.

CompanyYear endedR&D ExpenseChange YoY
Li Auto Inc. (LI)2025-12-3111.31B CNY+2.2%
NIO Inc. (NIO)2025-12-3110.60B CNY-18.7%
Xpeng Inc. (XPEV)2025-12-319.49B CNY+47.0%
Niu Technologies (NIU)2025-12-31166.45M CNY+27.9%

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