Tech Brief (Nov. 27): Li Auto Swings to Quarterly Loss on Slumping Deliveries
00:00/00:00
Listen to this article
1x
Subscribe now
Listen to the full version
Listen to the full version
China sets 2027 consumption targets
Six government agencies, including the Ministry of Industry and Information Technology (MIIT) and the National Development and Reform Commission, issued a plan to optimize consumer product supply and demand. The plan aims to establish three consumption sectors worth 1 trillion yuan each and 10 hotspots worth 100 billion yuan each by 2027. It sets out 19 key tasks across five areas, including promoting the application of artificial intelligence throughout the consumer goods industry.
Li Auto swings to loss on slumping deliveries
Register to read this article for free.
Register
Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.
Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.
- RELATED
Share this article
Open WeChat and scan the QR code
- DIGEST HUB
Digest Hub
Back
Explore the story in 30 seconds
- China targets three consumption sectors worth 1 trillion yuan each by 2027, launching initiatives in AI and consumer goods.
- Li Auto reported a Q3 net loss of 624 million yuan with deliveries down 39%, while Didi’s Q3 net profit rose 66.7% to 1.5 billion yuan.
- MIIT launches satellite IoT trial; Meituan expands in Brazil; Bain projects the humanoid robot market at $120 billion by 2035.
AI generated, for reference only
Who’s Who
- Li Auto Inc.
- Li Auto Inc. reported a Q3 2025 net loss of 624 million yuan ($88 million), down from a 2.8 billion yuan profit last year. Revenue decreased 36.2% to 27.4 billion yuan, and deliveries dropped 39% to 93,211 vehicles. The company forecasts Q4 deliveries between 100,000 and 110,000 units, with revenue projected between 26.5 billion and 29.2 billion yuan.
- Didi Global Inc.
- Didi Global Inc. reported a significant 66.7% year-on-year increase in net profit, reaching 1.5 billion yuan in the third quarter of 2025. Its core platform gross transaction value (GTV) grew by 14.8% to 115.8 billion yuan, with both China and international transactions showing strong growth.
- Meituan
- Meituan's international food delivery brand, Keeta, is set to launch in Sao Paulo, Brazil, on December 1st. The company plans to invest 1 billion reais ($188 million) to develop local infrastructure and service systems in Sao Paulo and other cities, as part of a larger 5.6 billion reais five-year investment for Brazil.
- Keeta
- Keeta is Meituan's international food delivery brand. It is set to launch in Sao Paulo, Brazil, on December 1. The company plans to invest 1 billion reais ($188 million) to build local infrastructure and service systems in Sao Paulo and other cities, as part of a larger 5.6 billion reais five-year investment plan for Brazil.
- Bain & Co.
- Bain & Co. (贝恩公司) predicts a significant boom in the humanoid robot market. Their report forecasts the global market could reach $120 billion by 2035, with annual sales of 6 million units. In an optimistic scenario, the market size could even hit $260 billion. They also expect a 60% to 70% decrease in the bill of materials cost for these robots over the next decade.
- Noetix Robotics
- Noetix Robotics, a Beijing-based humanoid robot manufacturer, recently secured nearly 200 million yuan in a pre-B+ financing round led by China Capital Investment Group. This funding will support its research and development, expand application scenarios, and facilitate mass production of its robots. This latest round comes after a substantial 300 million yuan pre-B round completed in October.
- China Capital Investment Group
- China Capital Investment Group (中金资本) led a nearly 200 million yuan pre-B+ financing round for Beijing-based humanoid robot maker Noetix Robotics. This funding will support research and development, application scenarios, and mass production efforts for Noetix Robotics.
AI generated, for reference only
- MOST POPULAR
Sign in with Google
Sign in with Facebook
Sign in with 财新