v3.25.1
Organization and Nature of Operations (Tables)
12 Months Ended
Dec. 31, 2024
Variable Interest Entity [Line Items]  
Schedule of Company's principal subsidiaries, consolidated VIEs and VIEs' subsidiaries

    

Equity Interest
Held

    

Date of Incorporation
or Date of Acquisition

    

Place of
Incorporation

    

Principal Activities

Subsidiaries

Leading Ideal HK

100

%

May 15, 2017

Hong Kong, PRC

Investment holding

Beijing Co Wheels Technology Co., Ltd. (“Wheels Technology”)

100

%

December 19, 2017

Beijing, PRC

Technology development and corporate management

Beijing CHJ Automobile Technology Co., Ltd. (“Beijing CHJ Technology” )

100

%

March 22, 2021

Beijing, PRC

Technology development

Beijing Leading Automobile Sales Co., Ltd. (“Beijing Leading”)

100

%

August 6, 2019

Beijing, PRC

Sales and after sales management

Jiangsu Xindian Interactive Sales and Services Co., Ltd. (“Jiangsu XD”)

100

%

May 8, 2017

Changzhou, PRC

Sales and after sales management

Chongqing Chezhiyu Automobile Sales and Services Co., Ltd. (“Chongqing Chezhiyu”)

100

%

April 13, 2023

Chongqing, PRC

Sales and after sales management

Beijing Lixiang Automobile Co., Ltd. (“Beijing Lixiang Automobile”)

100

%

April 9, 2021

Beijing, PRC

Manufacturing of automobile

Lixiang Zhizao Automobile Services (Shanghai) Co., Ltd.

100

%

September 16, 2022

Shanghai, PRC

Sales and after sales management

Date of Incorporation

Place of Incorporation

Principal Activities

The VIEs

Beijing CHJ

April 10, 2015

Beijing, PRC

Technology development

Beijing Xindian Transport Information Technology Co., Ltd. (“Xindian Information”)

 

March 27, 2017

Beijing, PRC

Technology development

VIEs and VIEs' subsidiaries  
Variable Interest Entity [Line Items]  
Schedule of consolidated financial information of the Group's VIEs and VIEs' subsidiaries

As of December 31, 

2023

2024

    

RMB

    

RMB

Current assets:

 

  

 

  

Cash and cash equivalents

 

27,730,141

 

3,746,663

Restricted cash

 

 

3,386

Time deposits and short-term investments

 

10,207,873

 

2,507,701

Trade receivable

 

3,476

 

4,258

Amounts due from the Group companies(1)

 

30,567,860

 

3,271,021

Inventories

 

254

 

Prepayments and other current assets

 

172,090

 

155,002

Total current assets

68,681,694

9,688,031

Noncurrent assets:

 

 

Long‑term investments

 

362,773

 

171,538

Property, plant and equipment, net

 

112,586

 

124,775

Operating lease right‑of‑use assets, net

 

653,620

 

612,329

Intangible assets, net

 

669,495

 

666,853

Deferred tax assets

3,127

Other non‑current assets

 

463,659

 

297,716

Total non-current assets

2,262,133

1,876,338

Total assets

 

70,943,827

 

11,564,369

Current liabilities:

 

 

Trade and notes payable

 

4,466,778

 

1,343,590

Amounts due to the Group companies(1)

 

57,988,379

 

897,615

Amounts due to related parties

 

23

 

23

Operating lease liabilities, current

 

45,011

 

50,213

Accruals and other current liabilities

 

590,927

 

324,410

Total current liabilities

63,091,118

2,615,851

Noncurrent liabilities:

 

 

Operating lease liabilities, non‑current

 

705,635

 

667,776

Deferred tax liabilities

 

 

4,637

Other non‑current liabilities

 

25,321

 

31,488

Total non-current liabilities

730,956

703,901

Total liabilities

 

63,822,074

 

3,319,752

Total shareholders’ equity

7,121,753

8,244,617

Total liabilities and shareholders’ equity

70,943,827

11,564,369

For the Year Ended December 31, 

    

2022

    

2023

    

2024

Third-party revenues

3,376

23,605

Inter-company revenues(2)

7,211,082

2,643,402

1,733,503

Third-party cost

(4,534,351)

(11,530)

(7,720)

Inter-company cost

(8,290)

(202)

Third-party expenses

(1,638,834)

(1,275,066)

(1,611,040)

Inter-company expenses

(302)

(68,874)

(4,721)

Other (expense)/income

(358,394)

1,099,921

307,888

Income before income tax

670,911

2,391,229

441,313

Income tax benefit/(expense)

8,701

(244,363)

(148,040)

Net income

 

679,612

 

2,146,866

 

293,273

Net income attributable to ordinary shareholders of Li Auto Inc.

679,612

2,146,866

293,273

For the Year Ended December 31, 

    

2022

    

2023

    

2024

Net cash provided by inter-company transactions(3)

2,834,408

2,643,402

1,733,503

Net cash used in transactions with external entities

(10,922,189)

(7,593,022)

(692,505)

Net cash (used in)/provided by operating activities

 

(8,087,781)

 

(4,949,620)

 

1,040,998

Net cash (used in)/provided by transactions with external entities

(2,149,494)

(2,087,758)

7,658,640

Net cash (used in)/provided by investing activities

 

(2,149,494)

 

(2,087,758)

 

7,658,640

Net cash provided by/(used in) inter-company transactions

20,417,626

15,279,213

(32,677,074)

Other financing activities with external entities

1,598,877

(500,000)

Net cash provided by/(used in) financing activities

 

22,016,503

 

14,779,213

 

(32,677,074)

Effects of exchange rate changes on cash, cash equivalents and restricted cash

 

32

 

481,305

 

(2,656)

Net change in cash, cash equivalents and restricted cash

 

11,779,260

 

8,223,140

 

(23,980,092)

Cash, cash equivalents and restricted cash at beginning of the year

 

7,727,741

 

19,507,001

 

27,730,141

Cash, cash equivalents and restricted cash at end of the year

 

19,507,001

 

27,730,141

 

3,750,049