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Side-by-side financial comparison of Li Auto Inc. (LI) and NIO Inc. (NIO). Click either name above to swap in a different company.

Li Auto Inc. is a Chinese electric vehicle manufacturer headquartered in Beijing, with manufacturing facilities in Changzhou. Founded by Li Xiang in 2015, the company is best known for producing electric vehicles equipped with range extender petrol engines.

Nio Inc. is a Chinese electric vehicle manufacturer headquartered in Shanghai. Founded in 2014, it adopted its current name in 2016. The company designs and sells electric vehicles, including sedans and SUVs, and has expanded into smartphone development.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LI
LI
NIO
NIO
Q1 26
$4.7B
Q3 25
$3.0B
Q2 25
$2.6B
Q1 25
$2.7B
Net Profit
LI
LI
NIO
NIO
Q1 26
$38.7M
Q3 25
$-505.2M
Q2 25
$-709.5M
Q1 25
$-984.2M
Gross Margin
LI
LI
NIO
NIO
Q1 26
17.5%
Q3 25
13.9%
Q2 25
10.0%
Q1 25
11.7%
Operating Margin
LI
LI
NIO
NIO
Q1 26
1.5%
Q3 25
-16.2%
Q2 25
-25.8%
Q1 25
-30.6%
Net Margin
LI
LI
NIO
NIO
Q1 26
0.8%
Q3 25
-16.8%
Q2 25
-27.0%
Q1 25
-36.2%
EPS (diluted)
LI
LI
NIO
NIO
Q1 26
$0.05
Q3 25
$-1.51
Q2 25
$-2.31
Q1 25
$-3.47

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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