Despite the groundbreaking advancements in the synthesis of inorganic lead halide perovskite (LHP) nanocrystals (NCs), stimulated from their intriguing size-, composition-, and morphology-dependent optical and optoelectronic properties, their formation mechanism through the hot-injection (HI) synthetic route is not well-understood. In this work, for the first time, in-flow HI synthesis of cesium lead iodide (CsPbI3) NCs is introduced and a comprehensive understanding of the interdependent competing reaction parameters controlling the NC morphology (nanocube vs nanoplatelet) and properties is provided. Utilizing the developed flow synthesis strategy, a change in the CsPbI3 NC formation mechanism at temperatures higher than 150 °C, resulting in different CsPbI3 morphologies is revealed. Through comparison of the flow- versus flask-based synthesis, deficiencies of batch reactors in reproducible and scalable synthesis of CsPbI3 NCs with fast formation kinetics are demonstrated. The developed modular flow chemistry route provides a new frontier for high-temperature studies of solution-processed LHP NCs and enables their consistent and reliable continuous nanomanufacturing for next-generation energy technologies.