Li Auto US stock futures down over 4% in pre-market trading

Li Auto (Li Xiang) stock pre-market drops over 4% as the company releases its Q4 2025 and full-year financial reports. Full-year revenue reached 112.3 billion yuan, net profit was 1.1 billion yuan, and cash reserves totaled 101.2 billion yuan, marking three consecutive years of revenue exceeding 100 billion yuan and three years of profitability. R&D investment for the year hit a record high of 11.3 billion yuan, with AI-related spending accounting for 50%. The all-new first-generation Li L9 will be launched in the second quarter.

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