Track market-moving stories before they get noisy

Li Auto Inc. Sponsored ADR (LI - Free Report) ended the recent trading session at $11.51, demonstrating a -3.56% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.58% for the day. On the other hand, the Dow registered a gain of 0.69%, and the technology-centric Nasdaq increased by 1.05%.

Prior to today's trading, shares of the company had gained 2.32% outpaced the Auto-Tires-Trucks sector's gain of 0.53% and the S&P 500's gain of 0.97%.

The investment community will be closely monitoring the performance of Li Auto Inc. Sponsored ADR in its forthcoming earnings report. On that day, Li Auto Inc. Sponsored ADR is projected to report earnings of -$0.08 per share, which would represent year-over-year growth of 11.11%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.09 billion, up 6.41% from the year-ago period.

For the full year, the Zacks Consensus Estimates project earnings of -$0.71 per share and a revenue of $16.33 billion, demonstrating changes of -573.33% and +3.68%, respectively, from the preceding year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Li Auto Inc Sponsored ADR. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Li Auto Inc. Sponsored ADR is currently sporting a Zacks Rank of #4 (Sell).

The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 101, positioning it in the top 42% of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

Li Auto Inc. Sponsored ADR (LI - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Shares of this company have returned -0.1% over the past month versus the Zacks S&P 500 composite's +2.1% change. The Zacks Automotive - Foreign industry, to which Li Auto belongs, has lost 4.7% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current quarter, Li Auto is expected to post a loss of $0.08 per share, indicating a change of +11.1% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.

The consensus earnings estimate of -$0.71 for the current fiscal year indicates a year-over-year change of -573.3%. This estimate has changed -29.1% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $0.16 indicates a change of +122.8% from what Li Auto is expected to report a year ago. Over the past month, the estimate has changed -49.4%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Li Auto.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

In the case of Li Auto, the consensus sales estimate of $4.09 billion for the current quarter points to a year-over-year change of +6.4%. The $16.33 billion and $19.69 billion estimates for the current and next fiscal years indicate changes of +3.7% and +20.5%, respectively.

Last Reported Results and Surprise HistoryLi Auto reported revenues of $3.78 billion in the last reported quarter, representing a year-over-year change of -10.4%. EPS of -$0.25 for the same period compares with $0.14 a year ago.

Compared to the Zacks Consensus Estimate of $3.7 billion, the reported revenues represent a surprise of +2.33%. The EPS surprise was -2400%.

Over the last four quarters, Li Auto surpassed consensus EPS estimates times. The company topped consensus revenue estimates three times over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Li Auto is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Li Auto. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Li Auto Inc. Sponsored ADR (LI - Free Report) closed at $11.41 in the latest trading session, marking a -1.17% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.06% for the day. At the same time, the Dow added 0.38%, and the tech-heavy Nasdaq lost 0.44%.

Coming into today, shares of the company had lost 2.29% in the past month. In that same time, the Auto-Tires-Trucks sector gained 0.28%, while the S&P 500 gained 2.36%.

Market participants will be closely following the financial results of Li Auto Inc. Sponsored ADR in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.08, reflecting a 11.11% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $4.09 billion, indicating a 6.41% upward movement from the same quarter last year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.71 per share and revenue of $16.33 billion. These totals would mark changes of -573.33% and +3.68%, respectively, from last year.

Any recent changes to analyst estimates for Li Auto Inc. Sponsored ADR should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 29.09% lower. Currently, Li Auto Inc. Sponsored ADR is carrying a Zacks Rank of #3 (Hold).

The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 90, finds itself in the top 37% echelons of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

Li Auto Inc. Sponsored ADR (LI - Free Report) closed the most recent trading day at $11.12, moving -2.11% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.2%. Elsewhere, the Dow saw an upswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.04%.

Prior to today's trading, shares of the company had lost 5.41% was narrower than the Auto-Tires-Trucks sector's loss of 5.54% and lagged the S&P 500's loss of 0.35%.

The upcoming earnings release of Li Auto Inc. Sponsored ADR will be of great interest to investors. The company's upcoming EPS is projected at $0.11, signifying a 222.22% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $4.09 billion, reflecting a 6.41% rise from the equivalent quarter last year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.28 per share and a revenue of $16.33 billion, indicating changes of -286.67% and +3.68%, respectively, from the former year.

Any recent changes to analyst estimates for Li Auto Inc. Sponsored ADR should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 115.39% lower. At present, Li Auto Inc. Sponsored ADR boasts a Zacks Rank of #5 (Strong Sell).

The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 186, positioning it in the bottom 25% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

BEIJING, China, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China's new energy vehicle market, today announced that it delivered 31,817 vehicles in September 2026. As of September 30, 2026, Li Auto's cumulative deliveries reached 1,833,651.

Robust August deliveries, new model launches (Li MEGA, i9 SUV, refreshed i6), and accelerated global market expansion may boost LI's metrics in H2'26/FY2027. The share repurchases and rich balance sheet underscore their ability to weather the near-term competition headwinds and ongoing cash burn. Margin compression from higher COGS and potential delivery shortfalls in September/Q4'26 may trigger downside risks, worsened by seasonal trading weakness.

Li Auto's flagship Li i9 joins its expanding BEV lineup as product upgrades, fast charging and overseas expansion shape its growth strategy.

Li Auto Inc. Sponsored ADR (LI - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Over the past month, shares of this company have returned -3%, compared to the Zacks S&P 500 composite's -2.4% change. During this period, the Zacks Automotive - Foreign industry, which Li Auto falls in, has gained 0.3%. The key question now is: What could be the stock's future direction?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current quarter, Li Auto is expected to post earnings of $0.11 per share, indicating a change of +222.2% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.

The consensus earnings estimate of -$0.15 for the current fiscal year indicates a year-over-year change of -200%. This estimate has changed -17.3% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $0.61 indicates a change of +502.2% from what Li Auto is expected to report a year ago. Over the past month, the estimate has changed -7.9%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Li Auto is rated Zacks Rank #5 (Strong Sell).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

In the case of Li Auto, the consensus sales estimate of $4.09 billion for the current quarter points to a year-over-year change of +6.4%. The $16.93 billion and $20.74 billion estimates for the current and next fiscal years indicate changes of +7.5% and +22.5%, respectively.

Last Reported Results and Surprise HistoryLi Auto reported revenues of $3.78 billion in the last reported quarter, representing a year-over-year change of -10.4%. EPS of -$0.25 for the same period compares with $0.14 a year ago.

Compared to the Zacks Consensus Estimate of $3.7 billion, the reported revenues represent a surprise of +2.33%. The EPS surprise was -2400%.

Over the last four quarters, Li Auto surpassed consensus EPS estimates times. The company topped consensus revenue estimates three times over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Li Auto is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Li Auto. However, its Zacks Rank #5 does suggest that it may underperform the broader market in the near term.

Nykredit A S acquired a new position in Li Auto Inc. Sponsored ADR (NASDAQ:LI – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 69,525 shares of the company’s stock, valued at approximately $816,000.

A number of other hedge funds have also made changes to their positions in LI. Xiamen Xinweidachuang Investment Partnership Limited Partnership purchased a new stake in Li Auto during the 2nd quarter worth $57,833,177. Goldman Sachs Group Inc. raised its position in Li Auto by 133.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company’s stock valued at $66,431,000 after purchasing an additional 1,505,991 shares during the period. SIH Partners LLLP lifted its stake in shares of Li Auto by 184.7% during the fourth quarter. SIH Partners LLLP now owns 2,199,063 shares of the company’s stock worth $37,230,000 after purchasing an additional 1,426,745 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Li Auto by 648.8% during the fourth quarter. Hsbc Holdings PLC now owns 727,702 shares of the company’s stock worth $12,259,000 after purchasing an additional 630,516 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Li Auto by 167.0% during the 4th quarter. Barclays PLC now owns 536,718 shares of the company’s stock valued at $9,087,000 after buying an additional 335,718 shares during the period. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Wall Street Analysts Forecast Growth Several brokerages have issued reports on LI. HSBC lowered their price objective on shares of Li Auto from $17.20 to $15.60 and set a “hold” rating for the company in a research report on Wednesday, June 10th. Barclays decreased their target price on shares of Li Auto from $18.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday, May 29th. Wall Street Zen lowered shares of Li Auto from a “sell” rating to a “strong sell” rating in a report on Sunday. Bank of America reaffirmed a “neutral” rating and set a $18.00 price target on shares of Li Auto in a research note on Thursday, May 28th. Finally, Zacks Research lowered shares of Li Auto from a “hold” rating to a “strong sell” rating in a report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $16.28.

Get Our Latest Report on LI Li Auto Stock Performance Li Auto stock opened at $12.37 on Tuesday. Li Auto Inc. Sponsored ADR has a 12-month low of $11.65 and a 12-month high of $27.10. The stock has a market capitalization of $13.25 billion, a PE ratio of -18.46 and a beta of 0.55. The firm has a 50 day simple moving average of $12.46 and a 200-day simple moving average of $15.29. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.81 and a quick ratio of 1.65.

Li Auto (NASDAQ:LI – Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.22) EPS for the quarter. The firm had revenue of $3.78 billion during the quarter. Li Auto had a negative return on equity of 6.58% and a negative net margin of 4.44%. As a group, equities research analysts expect that Li Auto Inc. Sponsored ADR will post -0.15 EPS for the current fiscal year.

Li Auto Profile (Free Report)

Li Auto Inc is a Chinese automotive company that develops, manufactures and sells smart electric vehicles, with an early focus on range-extended electric SUVs designed for family use. The company is headquartered in China and serves the domestic market through a combination of online channels and a network of retail/showroom locations. Li Auto was founded to address range-anxiety in electric vehicle buyers by integrating a small internal-combustion engine as a range extender alongside a large battery, enabling longer driving range while retaining electric driving characteristics.

The company’s product lineup centers on multi‑occupant SUVs that combine electric propulsion, advanced in‑vehicle connectivity and driver‑assistance features.

Read More Five stocks we like better than Li Auto 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane

Receive News & Ratings for Li Auto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Li Auto and related companies with MarketBeat.com's FREE daily email newsletter.

 | Source: Li Auto Inc.

BEIJING, China, Sept. 02, 2026 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today officially launched the new Li MEGA, a high-tech flagship MPV. The vehicle is priced at RMB509,800 for its standard configuration. Deliveries of the new Li MEGA will commence this week. For more details on the new Li MEGA, please visit Li Auto’s official website.

About Li Auto Inc.

Li Auto Inc. is a leader in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles. Its mission is: Be Proactive, Change the World. Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and comfortable products and services. Li Auto is a pioneer in successfully commercializing extended-range electric vehicles in China. While firmly advancing along this technological route, it builds platforms for battery electric vehicles in parallel. The Company leverages technology to create value for users. It concentrates its in-house development efforts on proprietary range extension systems, innovative electric vehicle technologies, and smart vehicle solutions. The Company started volume production in November 2019. It offers high-tech flagship family MPVs, Li L series extended-range electric SUVs, and Li i series battery electric SUVs. The Company will continue to expand its product lineup to target a broader user base.

For more information, please visit: https://ir.lixiang.com.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “targets,” “likely to,” “challenges,” and similar statements. Li Auto may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”) and The Stock Exchange of Hong Kong Limited (the “HKEX”), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about Li Auto’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Li Auto’s strategies, future business development, and financial condition and results of operations; Li Auto’s limited operating history; risks associated with extended-range electric vehicles and high-power charging battery electric vehicles; Li Auto’s ability to develop, manufacture, and deliver vehicles of high quality and appeal to customers; Li Auto’s ability to generate positive cash flow and profits; product defects or any other failure of vehicles to perform as expected; Li Auto’s ability to compete successfully; Li Auto’s ability to build its brand and withstand negative publicity; cancellation of orders for Li Auto’s vehicles; Li Auto’s ability to develop new vehicles; and changes in consumer demand and government incentives, subsidies, or other favorable government policies. Further information regarding these and other risks is included in Li Auto’s filings with the SEC and the HKEX. All information provided in this press release is as of the date of this press release, and Li Auto does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Li Auto Inc.
Investor Relations
Email: [email protected]

Christensen Advisory
Tel: +86-10-5900-1548
Email: [email protected]

Quarterly total revenues reached RMB25.7 billion (US$3.8 billion)1
Quarterly deliveries were 98,330 vehicles

BEIJING, China, Aug. 26, 2026 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced its unaudited financial results for the quarter ended June 30, 2026.

Operating Highlights for the Second Quarter of 2026

Total deliveries for the second quarter of 2026 were 98,330 vehicles, representing an 11.5% year-over-year decrease.   2026 Q2 2026 Q1 2025 Q4 2025 Q3 Deliveries 98,330 95,142 109,194 93,211             2025 Q2 2025 Q1 2024 Q4 2024 Q3 Deliveries 111,074 92,864 158,696 152,831            As of June 30, 2026, in China, the Company had 495 retail stores in 160 cities, 536 servicing centers and Li Auto-authorized servicing shops operating in 220 cities, and 4,097 super charging stations in operation equipped with 22,593 charging stalls. Financial Highlights for the Second Quarter of 2026

Vehicle sales were RMB24.1 billion (US$3.5 billion) in the second quarter of 2026, representing a decrease of 16.7% from RMB28.9 billion in the second quarter of 2025 and an increase of 11.8% from RMB21.5 billion in the first quarter of 2026.Vehicle margin2 was 9.4% in the second quarter of 2026, compared with 19.4% in the second quarter of 2025 and 6.1% in the first quarter of 2026.Total revenues were RMB25.7 billion (US$3.8 billion) in the second quarter of 2026, representing a decrease of 15.1% from RMB30.2 billion in the second quarter of 2025 and an increase of 11.7% from RMB23.0 billion in the first quarter of 2026.Gross profit was RMB2.8 billion (US$418.0 million) in the second quarter of 2026, representing a decrease of 53.3% from RMB6.1 billion in the second quarter of 2025 and an increase of 56.9% from RMB1.8 billion in the first quarter of 2026.Gross margin was 11.0% in the second quarter of 2026, compared with 20.1% in the second quarter of 2025 and 7.9% in the first quarter of 2026.Operating expenses were RMB5.1 billion (US$757.1 million) in the second quarter of 2026, representing a decrease of 2.0% from RMB5.2 billion in the second quarter of 2025 and an increase of 6.9% from RMB4.8 billion in the first quarter of 2026.Loss from operations was RMB2.3 billion (US$339.1 million) in the second quarter of 2026, compared with RMB827.0 million income from operations in the second quarter of 2025 and RMB3.0 billion loss from operations in the first quarter of 2026.Operating margin was negative 9.0% in the second quarter of 2026, compared with 2.7% in the second quarter of 2025 and negative 13.0% in the first quarter of 2026. Net loss was RMB1.7 billion (US$251.3 million) in the second quarter of 2026, compared with RMB1.1 billion net income in the second quarter of 2025 and RMB2.3 billion net loss in the first quarter of 2026. Non-GAAP net loss3 was RMB1.5 billion (US$220.9 million) in the second quarter of 2026, compared with RMB1.5 billion non-GAAP net income in the second quarter of 2025 and RMB2.1 billion non-GAAP net loss in the first quarter of 2026.Diluted net loss per ADS4 attributable to ordinary shareholders was RMB1.69 (US$0.25) in the second quarter of 2026, compared with RMB1.03 diluted net earnings per ADS attributable to ordinary shareholders in the second quarter of 2025 and RMB2.26 diluted net loss per ADS attributable to ordinary shareholders in the first quarter of 2026. Non-GAAP diluted net loss per ADS attributable to ordinary shareholders was RMB1.49 (US$0.22) in the second quarter of 2026, compared with RMB1.37 non-GAAP diluted net earnings per ADS attributable to ordinary shareholders in the second quarter of 2025 and RMB2.09 non-GAAP diluted net loss per ADS attributable to ordinary shareholders in the first quarter of 2026.Net cash provided by operating activities was RMB15.0 million (US$2.2 million) in the second quarter of 2026, compared with RMB3.0 billion net cash used in operating activities in the second quarter of 2025 and RMB6.1 billion net cash used in operating activities in the first quarter of 2026. Free cash flow5 was negative RMB1.3 billion (US$191.7 million) in the second quarter of 2026, compared with negative RMB3.8 billion in the second quarter of 2025 and negative RMB7.4 billion in the first quarter of 2026. Key Financial Results(in millions, except for percentages and per ADS data)

     For the Three Months Ended % Change6 June 30,
2025 March 31,
2026 June 30,
2026 YoY QoQ RMB RMB RMB    Vehicle sales28,885.1 21,533.2 24,066.5 (16.7)% 11.8%Vehicle margin19.4% 6.1% 9.4% (10.0)pts 3.3pts          Total revenues30,245.6 22,982.9 25,666.9 (15.1)% 11.7%Gross profit6,067.0 1,808.0 2,836.1 (53.3)% 56.9%Gross margin20.1% 7.9% 11.0% (9.1)pts 3.1pts          Operating expenses(5,240.0) (4,806.8) (5,136.9) (2.0)% 6.9%Income/(Loss) from operations827.0 (2,998.8) (2,300.9) N/A (23.3)%Operating margin2.7% (13.0)% (9.0)% (11.7)pts 4.0pts          Net income/(loss)1,096.9 (2,276.0) (1,705.3) N/A (25.1)%Non-GAAP net income/(loss)1,468.2 (2,108.0)  (1,498.5) N/A (28.9)%          Diluted net earnings/(loss) per ADS attributable to ordinary shareholders1.03 (2.26) (1.69) N/A (25.2)%          Non-GAAP diluted net earnings/(loss) per ADS attributable to ordinary shareholders1.37 (2.09) (1.49) N/A (28.7)%          Net cash (used in)/provided by operating activities(3,036.2) (6,091.0) 15.0 N/A N/AFree cash flow (non-GAAP)(3,841.8) (7,388.3) (1,300.8) (66.1)% (82.4)%           Recent Developments

Delivery Update

In July 2026, the Company delivered 30,468 vehicles. As of July 31, 2026, in China, the Company had 490 retail stores in 159 cities, 536 servicing centers and Li Auto-authorized servicing shops operating in 219 cities, and 4,141 super charging stations in operation equipped with 22,841 charging stalls.
Product Refresh

In June 2026, the Company launched and commenced deliveries of its all-new Li L8. This model is available in two trims: Ultra and Livis. Both trims come standard with four zero-gravity seats, a 72.7 kWh 5C battery, Li Auto’s third-generation range extender, and the Qualcomm Snapdragon 8797 chip, alongside steer‑by‑wire and rear‑wheel steering. Li L8 Ultra features Li Auto’s third‑generation dual‑chamber, dual‑valve Magic Carpet Air Suspension and a proprietary MACH M100 chip, while Li L8 Livis features a proprietary 800V active suspension system, electro-mechanical brake, and dual MACH M100 chips. The Li L8 Ultra and Li L8 Livis are priced at RMB369,800 and RMB429,800, respectively.In July 2026, the Company launched and commenced deliveries of the new Li L6. The model features a new-generation all-aluminum suspension and dual-valve CDC for its chassis, the MACH M100 chip and fully upgraded perception hardware for its assisted driving system, and an EREV-dedicated 51 kWh LFP super charging battery. The new Li L6 is priced at RMB249,800.
Livis Day

In June 2026, the Company hosted Livis Day, a launch event for software and embodied AI, systematically showcasing Li Auto’s new-generation cabin interaction experience alongside a series of proprietary breakthroughs. These included the language intelligence models MACH Mind-Pro and MACH Mind-Edge, the machine intelligence model MACH VLA, and the world’s first dynamic dataflow AI chip, the MACH M100.
US$1.0 Billion Share Repurchase Program

Pursuant to its US$1.0 billion share repurchase program announced on March 24, 2026, the Company repurchased a total of 41,232,100 Class A ordinary shares at an aggregate consideration of HK$2.1 billion on the HKEX and a total of 9,487,026 ADSs (representing 18,974,052 Class A ordinary shares) at an aggregate consideration of US$150.9 million on the Nasdaq in the second quarter of 2026. As of the date of this press release, the Company has repurchased a total of approximately 91.7 million Class A ordinary shares (including approximately 23.7 million ADSs) for an aggregate consideration of approximately US$631.5 million.
CEO and CFO Comments

Mr. Xiang Li, chairman and chief executive officer of Li Auto, commented, “Amid intense market competition and a major model refresh cycle, Li Auto remained the best-selling domestic automotive brand in China’s RMB200,000-and-above NEV market in the first half of 2026. We have completed the upgrade of Li L series and are now refreshing our BEV lineup. Notably, the new Li L6 generated robust order flow, and we are confident that it will carry on the success of the Li i6 and reinforce our leading position in the RMB200,000-to-300,000 SUV market. Our enhanced product portfolio positions us well for growth. Backed by our unwavering user-centric product philosophy and leading in-house technologies, we will continue to pursue product excellence, expand our global footprint, and forge a sustainable path toward long-term value creation.”

Mr. Tie Li, chief financial officer of Li Auto, added, “In the second quarter of 2026, our gross margin improved sequentially to 11.0%, benefiting from the launch of the all-new Li L9. We anticipate further margin expansion for the second half of the year as our product mix optimizes, with a higher sales contribution from the Livis trim and the launch of refreshed BEV models and Li i9. Coupled with a sustained focus on operational efficiency, we expect our bottom-line to improve gradually. Balancing growth and profitability through disciplined capital allocation, we will steadfastly execute our core strategies in product innovation, technological advancement, and global expansion to secure our future competitiveness.”

Financial Results for the Second Quarter of 2026

Revenues

Total revenues were RMB25.7 billion (US$3.8 billion) in the second quarter of 2026, representing a decrease of 15.1% from RMB30.2 billion in the second quarter of 2025 and an increase of 11.7% from RMB23.0 billion in the first quarter of 2026.Vehicle sales were RMB24.1 billion (US$3.5 billion) in the second quarter of 2026, representing a decrease of 16.7% from RMB28.9 billion in the second quarter of 2025 and an increase of 11.8% from RMB21.5 billion in the first quarter of 2026. The decrease in revenue from vehicle sales over the second quarter of 2025 was primarily due to the decrease in vehicle deliveries and a lower average selling price due to a different product mix. The increase in revenue from vehicle sales over the first quarter of 2026 was primarily attributable to a higher average selling price due to a different product mix and the increase in vehicle deliveries.Other sales and services were RMB1.6 billion (US$235.9 million) in the second quarter of 2026, representing an increase of 17.6% from RMB1.4 billion in the second quarter of 2025 and an increase of 10.4% from RMB1.4 billion in the first quarter of 2026. The increase in revenue from other sales and services over the second quarter of 2025 and the first quarter of 2026 was mainly due to increased provision of services and sales of accessories, which is in line with higher accumulated vehicle sales.
Cost of Sales and Gross Margin

Cost of sales was RMB22.8 billion (US$3.4 billion) in the second quarter of 2026, representing a decrease of 5.6% from RMB24.2 billion in the second quarter of 2025 and an increase of 7.8% from RMB21.2 billion in the first quarter of 2026. The decrease in cost of sales over the second quarter of 2025 was primarily due to the decrease in vehicle deliveries. The increase in cost of sales over the first quarter of 2026 was primarily attributable to a higher average cost of sales due to a different product mix and the increase in vehicle deliveries.Gross profit was RMB2.8 billion (US$418.0 million) in the second quarter of 2026, representing a decrease of 53.3% from RMB6.1 billion in the second quarter of 2025 and an increase of 56.9% from RMB1.8 billion in the first quarter of 2026.Vehicle margin was 9.4% in the second quarter of 2026, compared with 19.4% in the second quarter of 2025 and 6.1% in the first quarter of 2026. The change in vehicle margin over the second quarter of 2025 and the first quarter of 2026 was mainly attributable to a different product mix.Gross margin was 11.0% in the second quarter of 2026, compared with 20.1% in the second quarter of 2025 and 7.9% in the first quarter of 2026. The change in gross margin over the second quarter of 2025 and the first quarter of 2026 was mainly due to the change in vehicle margin.
Operating Expenses

Operating expenses were RMB5.1 billion (US$757.1 million) in the second quarter of 2026, representing a decrease of 2.0% from RMB5.2 billion in the second quarter of 2025 and an increase of 6.9% from RMB4.8 billion in the first quarter of 2026.Research and development expenses were RMB2.8 billion (US$409.1 million) in the second quarter of 2026, representing a decrease of 1.2% from RMB2.8 billion in the second quarter of 2025 and an increase of 2.0% from RMB2.7 billion in the first quarter of 2026. Research and development expenses remained relatively stable compared with the second quarter of 2025 and the first quarter of 2026.Selling, general and administrative expenses were RMB2.3 billion (US$335.7 million) in the second quarter of 2026, representing a decrease of 16.2% from RMB2.7 billion in the second quarter of 2025 and an increase of 11.2% from RMB2.0 billion in the first quarter of 2026. The decrease in selling, general and administrative expenses over the second quarter of 2025 was primarily due to decreased employee compensation. The increase in selling, general and administrative expenses over the first quarter of 2026 was primarily due to increased expenses related to marketing and promotional activities. Income/(Loss) from Operations

Loss from operations was RMB2.3 billion (US$339.1 million) in the second quarter of 2026, compared with RMB827.0 million income from operations in the second quarter of 2025 and RMB3.0 billion loss from operations in the first quarter of 2026. Operating margin was negative 9.0% in the second quarter of 2026, compared with 2.7% in the second quarter of 2025 and negative 13.0% in the first quarter of 2026. Non-GAAP loss from operations was RMB2.1 billion (US$308.6 million) in the second quarter of 2026, compared with RMB1.2 billion non-GAAP income from operations in the second quarter of 2025 and RMB2.8 billion non-GAAP loss from operations in the first quarter of 2026.
Net Income/(Loss) and Net Earnings/(Loss) Per Share

Net loss was RMB1.7 billion (US$251.3 million) in the second quarter of 2026, compared with RMB1.1 billion net income in the second quarter of 2025 and RMB2.3 billion net loss in the first quarter of 2026. Non-GAAP net loss was RMB1.5 billion (US$220.9 million) in the second quarter of 2026, compared with RMB1.5 billion non-GAAP net income in the second quarter of 2025 and RMB2.1 billion non-GAAP net loss in the first quarter of 2026.Basic and diluted net loss per ADS attributable to ordinary shareholders were both RMB1.69 (US$0.25) in the second quarter of 2026, compared with RMB1.09 and RMB1.03 basic and diluted net earnings per ADS attributable to ordinary shareholders in the second quarter of 2025, respectively, and RMB2.26 basic and diluted net loss per ADS attributable to ordinary shareholders in the first quarter of 2026. Non-GAAP basic and diluted net loss per ADS attributable to ordinary shareholders were both RMB1.49 (US$0.22) in the second quarter of 2026, compared with RMB1.46 and RMB1.37 non-GAAP basic and diluted net earnings per ADS attributable to ordinary shareholders in the second quarter of 2025, respectively, and RMB2.09 non-GAAP basic and diluted net loss per ADS attributable to ordinary shareholders in the first quarter of 2026.
Cash Position, Operating Cash Flow and Free Cash Flow

Cash position7 was RMB87.5 billion (US$12.9 billion) as of June 30, 2026.Net cash provided by operating activities was RMB15.0 million (US$2.2 million) in the second quarter of 2026, compared with RMB3.0 billion net cash used in operating activities in the second quarter of 2025 and RMB6.1 billion net cash used in operating activities in the first quarter of 2026. The change in net cash provided by operating activities over the second quarter of 2025 and the first quarter of 2026 was mainly due to the timing differences between cash received from customers and payments for inventory purchases.Free cash flow was negative RMB1.3 billion (US$191.7 million) in the second quarter of 2026, compared with negative RMB3.8 billion in the second quarter of 2025 and negative RMB7.4 billion in the first quarter of 2026. Business Outlook

For the third quarter of 2026, the Company expects:

Deliveries of vehicles to be between 95,000 and 100,000 vehicles, representing a year-over-year increase of 1.9% to 7.3%.Total revenues to be between RMB26.6 billion (US$3.9 billion) and RMB28.0 billion (US$4.1 billion), representing a year-over-year change of -2.8% to +2.3%. This business outlook reflects the Company’s current and preliminary views on its business situation and market conditions, which are subject to change.

Conference Call

Management will hold a conference call at 8:00 a.m. U.S. Eastern Time on Wednesday, August 26, 2026 (8:00 p.m. Beijing/Hong Kong Time on August 26, 2026) to discuss financial results and answer questions from investors and analysts.

For participants who wish to join the call, please complete online registration using the link provided below prior to the scheduled call start time. Upon registration, participants will receive the conference call access information, including dial-in numbers, passcode, and a unique access PIN. To join the conference, please dial the number provided, enter the passcode followed by your PIN, and you will join the conference instantly.

Participant Online Registration: https://s1.c-conf.com/diamondpass/10056444-vrf1u8.html

A replay of the conference call will be accessible through September 2, 2026, by dialing the following numbers:

United States:+1-855-883-1031Chinese Mainland:+86-400-1209-216Hong Kong, China:+852-800-930-639International:+61-7-3107-6325Replay PIN:10056444   Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.lixiang.com.

Non-GAAP Financial Measures

The Company uses non-GAAP financial measures, such as non-GAAP cost of sales, non-GAAP research and development expenses, non-GAAP selling, general and administrative expenses, non-GAAP income/(loss) from operations, non-GAAP net income/(loss), non-GAAP net income/(loss) attributable to ordinary shareholders, non-GAAP basic and diluted net earnings/(loss) per ADS attributable to ordinary shareholders, non-GAAP basic and diluted net earnings/(loss) per share attributable to ordinary shareholders and free cash flow, in evaluating its operating results and for financial and operational decision-making purposes. By excluding the impact of share-based compensation expenses, the Company believes that the non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company’s past performance and future prospects. The Company also believes that the non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making.

The non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. The non-GAAP financial measures have limitations as analytical tools and when assessing the Company’s operating performance, investors should not consider them in isolation, or as a substitute for financial information prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.

The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company’s performance.

For more information on the non-GAAP financial measures, please see the table captioned “Unaudited Reconciliation of U.S. GAAP and Non-GAAP Results” set forth at the end of this press release.

Exchange Rate Information

This press release contains translations of certain Renminbi amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from Renminbi to U.S. dollars and from U.S. dollars to Renminbi are made at a rate of RMB6.7851 to US$1.00, the exchange rate on June 30, 2026, set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the Renminbi or U.S. dollars amounts referred to could be converted into U.S. dollars or Renminbi, as the case may be, at any particular rate or at all.

About Li Auto Inc.

Li Auto Inc. is a leader in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles. Its mission is: Be Proactive, Change the World. Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and comfortable products and services. Li Auto is a pioneer in successfully commercializing extended-range electric vehicles in China. While firmly advancing along this technological route, it builds platforms for battery electric vehicles in parallel. The Company leverages technology to create value for users. It concentrates its in-house development efforts on proprietary range extension systems, innovative electric vehicle technologies, and smart vehicle solutions. The Company started volume production in November 2019. It offers high-tech flagship family MPVs, Li L series extended-range electric SUVs, and Li i series battery electric SUVs. The Company will continue to expand its product lineup to target a broader user base.

For more information, please visit: https://ir.lixiang.com.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “targets,” “likely to,” “challenges,” and similar statements. Li Auto may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”) and The Stock Exchange of Hong Kong Limited (the “HKEX”), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about Li Auto’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Li Auto’s strategies, future business development, and financial condition and results of operations; Li Auto’s limited operating history; risks associated with extended-range electric vehicles and high-power charging battery electric vehicles; Li Auto’s ability to develop, manufacture, and deliver vehicles of high quality and appeal to customers; Li Auto’s ability to generate positive cash flow and profits; product defects or any other failure of vehicles to perform as expected; Li Auto’s ability to compete successfully; Li Auto’s ability to build its brand and withstand negative publicity; cancellation of orders for Li Auto’s vehicles; Li Auto’s ability to develop new vehicles; and changes in consumer demand and government incentives, subsidies, or other favorable government policies. Further information regarding these and other risks is included in Li Auto’s filings with the SEC and the HKEX. All information provided in this press release is as of the date of this press release, and Li Auto does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Li Auto Inc.
Investor Relations
Email: [email protected]

Christensen Advisory
Tel: +86-10-5900-1548
Email: [email protected]

Li Auto Inc.
Unaudited Condensed Consolidated Statements of Comprehensive Income/(Loss)(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)

   For the Three Months Ended June 30,
2025 March 31,
2026 June 30,
2026 June 30,
2026 RMB RMB RMB US$Revenues:       Vehicle sales28,885,133 21,533,182 24,066,488 3,546,961Other sales and services1,360,480 1,449,729 1,600,402 235,870Total revenues30,245,613  22,982,911  25,666,890 3,782,831Cost of sales:       Vehicle sales(23,273,292) (20,225,885) (21,795,419) (3,212,247)Other sales and services(905,352) (948,981) (1,035,416) (152,601)Total cost of sales(24,178,644)  (21,174,866)  (22,830,835)  (3,364,848) Gross profit6,066,969  1,808,045 2,836,055 417,983Operating expenses:       Research and development expenses(2,810,170) (2,722,159) (2,775,633) (409,078)Selling, general and administrative expenses(2,717,761) (2,049,203) (2,278,044) (335,742)Other operating income/(expense), net287,980 (35,473) (83,228) (12,266)Total operating expenses(5,239,951)  (4,806,835)  (5,136,905)  (757,086) Income/(Loss) from operations827,018  (2,998,790) (2,300,850) (339,103)Other (expense)/income:       Interest expense(49,776) (40,658) (116,248) (17,133)Interest income and investment income, net496,454 394,020 455,033 67,064Others, net15,288 44,248 13,199 1,946Income/(Loss) before income tax 1,288,984  (2,601,180) (1,948,866) (287,226)Income tax (expense)/benefit(192,048) 325,148 243,609 35,904Net income/(loss)1,096,936  (2,276,032) (1,705,257) (251,322)Less: Net income/(loss) attributable to noncontrolling interests4,365 13,499 (1,076) (159)Net income/(loss) attributable to ordinary shareholders of Li Auto Inc.1,092,571  (2,289,531) (1,704,181) (251,163)        Net income/(loss)1,096,936  (2,276,032) (1,705,257) (251,322)Other comprehensive loss, net of tax       Foreign currency translation adjustment, net of nil tax(173,612) (161,404) (273,671) (40,334)Total other comprehensive loss, net of tax(173,612)  (161,404)  (273,671)  (40,334) Total comprehensive income/(loss)923,324  (2,437,436) (1,978,928) (291,656)Less: Comprehensive income/(loss) attributable to noncontrolling interests4,365 13,499 (1,076) (159)Comprehensive income/(loss) attributable to ordinary shareholders of Li Auto Inc.918,959  (2,450,935) (1,977,852) (291,497)Weighted average number of ADSs       Basic1,005,986,033 1,013,814,503 1,007,098,886 1,007,098,886Diluted1,071,261,046 1,013,814,503 1,007,098,886 1,007,098,886Net earnings/(loss) per ADS attributable to ordinary shareholders       Basic1.09 (2.26) (1.69) (0.25)Diluted1.03 (2.26) (1.69) (0.25)Weighted average number of ordinary shares       Basic2,011,972,066 2,027,629,006 2,014,197,771 2,014,197,771Diluted2,142,522,091 2,027,629,006 2,014,197,771 2,014,197,771Net earnings/(loss) per share attributable to ordinary shareholders       Basic0.54 (1.13) (0.85) (0.12)Diluted0.51 (1.13) (0.85) (0.12) Li Auto Inc.
Unaudited Condensed Consolidated Balance Sheets(All amounts in thousands)

         As of   December 31,
2025 June 30,
2026 June 30,
2026 RMB RMB US$ASSETS     Current assets:     Cash and cash equivalents56,691,765 40,117,782 5,912,629Restricted cash216,314 14,782 2,179Time deposits and short-term investments44,331,407 45,474,274 6,702,079Trade receivable119,823 206,592 30,448Inventories8,752,439 8,333,701 1,228,236Prepayments and other current assets5,174,246 4,322,856 637,110Total current assets115,285,994 98,469,987 14,512,681Non-current assets:     Long-term investments848,672 2,976,994 438,755Property, plant and equipment, net22,774,938 22,893,313 3,374,057Operating lease right-of-use assets, net9,099,313 7,890,346 1,162,893Intangible assets, net1,191,974 1,165,561 171,782Goodwill5,484 5,484 808Deferred tax assets3,334,206 3,755,111 553,435Other non-current assets1,755,237 3,522,804 519,197Total non-current assets39,009,824  42,209,613 6,220,927Total assets154,295,818  140,679,600 20,733,608LIABILITIES AND EQUITY     Current liabilities:     Short-term borrowings6,217,745 286,205 42,181Trade and notes payable40,579,219 38,756,080 5,711,939Amounts due to related parties26,644 452,813 66,736Deferred revenue, current1,621,429 1,208,610 178,127Operating lease liabilities, current1,690,356 1,572,211 231,715Accruals and other current liabilities13,412,260 12,201,637 1,798,301Total current liabilities63,547,653  54,477,556 8,028,999Non-current liabilities:     Long-term borrowings3,299,203 6,863,999 1,011,628Deferred revenue, non-current624,734 666,287 98,199Operating lease liabilities, non-current6,258,957 5,620,164 828,310Finance lease liabilities, non-current348,506 349,322 51,484Deferred tax liabilities691,652 548,423 80,828Other non-current liabilities6,385,370 6,192,234 912,622Total non-current liabilities17,608,422 20,240,429 2,983,071Total liabilities81,156,075  74,717,985 11,012,070Total Li Auto Inc. shareholders’ equity72,619,255  65,428,704 9,642,997Noncontrolling interests520,488 532,911 78,541Total shareholders’ equity73,139,743  65,961,615 9,721,538Total liabilities and shareholders’ equity154,295,818  140,679,600 20,733,608 Li Auto Inc.
Unaudited Condensed Consolidated Statements of Cash Flows(All amounts in thousands)

   For the Three Months Ended June 30,
2025 March 31,
2026 June 30,
2026 June 30,
2026 RMB RMB RMB US$Net cash (used in)/provided by operating activities(3,036,219) (6,090,994) 15,025 2,214Net cash (used in)/provided by investing activities(226,724) (8,181,439) 2,919,510 430,283Net cash (used in)/provided by financing activities(70,037) 337,303 (5,487,924) (808,820)Effect of exchange rate changes on cash, cash equivalents and restricted cash(108,393) (102,382) (184,614) (27,209)Net change in cash, cash equivalents and restricted cash(3,441,373)  (14,037,512)  (2,738,003)  (403,532) Cash, cash equivalents and restricted cash at beginning of period53,238,339 56,908,079 42,870,567 6,318,340Cash, cash equivalents and restricted cash at end of period49,796,966 42,870,567  40,132,564 5,914,808        Net cash (used in)/provided by operating activities(3,036,219) (6,090,994) 15,025 2,214Capital expenditures(805,544) (1,297,326) (1,315,790) (193,923)Free cash flow (non-GAAP)(3,841,763) (7,388,320) (1,300,765) (191,709) Li Auto Inc.
Unaudited Reconciliation of U.S. GAAP and Non-GAAP Results(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)

   For the Three Months Ended June 30,
2025 March 31,
2026 June 30,
2026 June 30,
2026 RMB RMB RMB US$Cost of sales(24,178,644) (21,174,866) (22,830,835) (3,364,848)Share-based compensation expenses8,135 8,730 8,039 1,185Non-GAAP cost of sales(24,170,509)  (21,166,136)  (22,822,796)  (3,363,663)         Research and development expenses(2,810,170) (2,722,159) (2,775,633) (409,078)Share-based compensation expenses236,668 128,160 126,933 18,708Non-GAAP research and development expenses(2,573,502)  (2,593,999)  (2,648,700)  (390,370)         Selling, general and administrative expenses(2,717,761) (2,049,203) (2,278,044) (335,742)Share-based compensation expenses126,413 31,156 71,759 10,576Non-GAAP selling, general and administrative expenses(2,591,348)  (2,018,047)  (2,206,285)  (325,166)         Income/(Loss) from operations827,018 (2,998,790) (2,300,850) (339,103)Share-based compensation expenses371,216 168,046 206,731 30,469Non-GAAP income/(loss) from operations1,198,234 (2,830,744) (2,094,119) (308,634)        Net income/(loss)1,096,936 (2,276,032) (1,705,257) (251,322)Share-based compensation expenses371,216 168,046 206,731 30,469Non-GAAP net income/(loss)81,468,152 (2,107,986) (1,498,526) (220,853)         Net income/(loss) attributable to ordinary shareholders of Li Auto Inc.1,092,571 (2,289,531) (1,704,181) (251,163)Share-based compensation expenses371,216 168,046 206,731 30,469Non-GAAP net income/(loss) attributable to ordinary shareholders of Li Auto Inc.1,463,787 (2,121,485) (1,497,450) (220,694)        Weighted average number of ADSs       Basic1,005,986,033 1,013,814,503 1,007,098,886 1,007,098,886Diluted1,071,261,046 1,013,814,503 1,007,098,886 1,007,098,886Non-GAAP net earnings/(loss) per ADS attributable to ordinary shareholders       Basic1.46 (2.09) (1.49) (0.22)Diluted1.37 (2.09) (1.49) (0.22)Weighted average number of ordinary shares       Basic2,011,972,066 2,027,629,006 2,014,197,771 2,014,197,771Diluted2,142,522,091 2,027,629,006 2,014,197,771 2,014,197,771Non-GAAP net earnings/(loss) per share attributable to ordinary shareholders       Basic0.73 (1.05) (0.74) (0.11)Diluted0.69 (1.05) (0.74) (0.11)         ______________________________
1   All translations from Renminbi (“RMB”) to U.S. dollars (“US$”) are made at a rate of RMB6.7851 to US$1.00, the exchange rate on June 30, 2026 as set forth in the H.10 statistical release of the Federal Reserve Board.

2   Vehicle margin is the margin of vehicle sales, which is calculated based on revenues and cost of sales derived from vehicle sales only.

3   The Company’s non-GAAP financial measures exclude share-based compensation expenses. See “Unaudited Reconciliation of U.S. GAAP and Non-GAAP Results” set forth at the end of this press release.

4   Each ADS represents two Class A ordinary shares.

5   Free cash flow represents operating cash flow less capital expenditures, which is considered a non-GAAP financial measure.

6   Except for vehicle margin, gross margin, and operating margin, where absolute changes instead of percentage changes are presented.

7   Cash position includes cash and cash equivalents, restricted cash, time deposits and short-term investments, and long-term time deposits and financial instruments included in long-term investments.

8   Non-GAAP items have no tax impact for all the periods presented.

Li expects to deliver about 97,500 cars in the third quarter, up about 5% year over year.

Li Auto Shares Fall as China EV Price War Squeezes Margins Summary

Li Auto shares fell after weaker vehicle deliveries, sharply lower margins and a third-quarter revenue forecast that missed Wall Street expectations

Li Auto LI shares slipped about 1% on Wednesday morning after the Chinese electric-vehicle maker reported weaker second-quarter profitability and issued a third-quarter revenue forecast below expectations.

Revenue reached about $3.8 billion for the quarter, down from $4.2 billion a year earlier but slightly above analyst estimates of $3.7 billion. The company posted a loss of $0.11 per American depositary share, wider than the expected $0.06 loss.

Vehicle deliveries fell 11.5% from a year earlier to 98,330 units. Vehicle gross margin also weakened to 9.4%, compared with 19.4% in the year-ago period, reflecting pressure across China's competitive EV market.

Li Auto expects third-quarter revenue of roughly $4 billion, below the $4.9 billion Wall Street consensus. Vehicle deliveries are projected at about 97,500 units.

The weaker outlook comes after a difficult run for the stock, which was already down about 28% year to date before Wednesday's trading.

Softer deliveries, compressed margins and below-consensus guidance could keep pressure on Li Auto shares.

Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

Click for the complete disclosure

Li Auto Inc. faces intense competition in China's EV market, limiting growth and margin prospects despite its high-end SUV/MPV niche. Q2 '26 results were slightly better than expected, but guidance was cut to 400k units for 2026, and gross margin targets were reduced to 15–20%. I assign a Sell rating on LI, valuing shares at 12x PE—below consensus—due to limited upside and challenging competitive dynamics.

Li Auto Inc. Sponsored ADR (LI - Free Report) closed at $12.92 in the latest trading session, marking a +1.65% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.87% for the day. At the same time, the Dow lost 1.32%, and the tech-heavy Nasdaq lost 1%.

Shares of the company have appreciated by 4.87% over the course of the past month, outperforming the Auto-Tires-Trucks sector's loss of 3.61%, and the S&P 500's gain of 3.48%.

Investors will be eagerly watching for the performance of Li Auto Inc. Sponsored ADR in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 26, 2026. On that day, Li Auto Inc. Sponsored ADR is projected to report earnings of -$0.01 per share, which would represent a year-over-year decline of 107.14%. Meanwhile, the latest consensus estimate predicts the revenue to be $3.7 billion, indicating a 12.45% decrease compared to the same quarter of the previous year.

For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.13 per share and revenue of $18.42 billion, which would represent changes of -186.67% and +16.92%, respectively, from the prior year.

Investors should also take note of any recent adjustments to analyst estimates for Li Auto Inc Sponsored ADR. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 56.25% lower. As of now, Li Auto Inc. Sponsored ADR holds a Zacks Rank of #4 (Sell).

The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 166, which puts it in the bottom 33% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

Posted by Defense World Staff on Aug 13th, 2026

Dimensional Fund Advisors LP trimmed its holdings in shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI – Free Report) by 38.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 165,046 shares of the company’s stock after selling 103,624 shares during the period. Dimensional Fund Advisors LP’s holdings in Li Auto were worth $2,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Farther Finance Advisors LLC lifted its stake in Li Auto by 312.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,674 shares of the company’s stock worth $28,000 after purchasing an additional 1,268 shares during the last quarter. DV Equities LLC purchased a new stake in shares of Li Auto during the 4th quarter worth approximately $72,000. Parallel Advisors LLC boosted its holdings in shares of Li Auto by 530.5% in the 1st quarter. Parallel Advisors LLC now owns 8,915 shares of the company’s stock valued at $159,000 after buying an additional 7,501 shares in the last quarter. Alpine Global Management LLC purchased a new position in shares of Li Auto in the 4th quarter valued at $175,000. Finally, Empowered Funds LLC purchased a new stake in Li Auto in the fourth quarter valued at $197,000. 9.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth A number of research firms have weighed in on LI. HSBC decreased their price objective on Li Auto from $17.20 to $15.60 and set a “hold” rating for the company in a research report on Wednesday, June 10th. Zacks Research upgraded shares of Li Auto from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 15th. Bank of America restated a “neutral” rating and set a $18.00 price objective on shares of Li Auto in a research report on Thursday, May 28th. BNP Paribas Exane raised shares of Li Auto from an “underperform” rating to a “neutral” rating in a report on Wednesday, April 22nd. Finally, Barclays cut their price target on shares of Li Auto from $18.00 to $14.00 and set an “equal weight” rating for the company in a report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $17.30.

View Our Latest Research Report on LI

Li Auto Price Performance LI stock opened at $12.47 on Thursday. The firm has a 50 day moving average of $12.85 and a 200-day moving average of $15.98. The company has a market cap of $13.36 billion, a price-to-earnings ratio of -44.53 and a beta of 0.55. The company has a current ratio of 1.88, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. Li Auto Inc. Sponsored ADR has a 12-month low of $11.65 and a 12-month high of $27.10.

Li Auto (NASDAQ:LI – Get Free Report) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.15) earnings per share for the quarter. The firm had revenue of $3.33 billion during the quarter. Li Auto had a negative return on equity of 2.58% and a negative net margin of 1.72%. As a group, equities analysts expect that Li Auto Inc. Sponsored ADR will post -0.12 EPS for the current fiscal year.

Li Auto Company Profile (Free Report)

Li Auto Inc is a Chinese automotive company that develops, manufactures and sells smart electric vehicles, with an early focus on range-extended electric SUVs designed for family use. The company is headquartered in China and serves the domestic market through a combination of online channels and a network of retail/showroom locations. Li Auto was founded to address range-anxiety in electric vehicle buyers by integrating a small internal-combustion engine as a range extender alongside a large battery, enabling longer driving range while retaining electric driving characteristics.

The company’s product lineup centers on multi‑occupant SUVs that combine electric propulsion, advanced in‑vehicle connectivity and driver‑assistance features.

See Also Five stocks we like better than Li Auto GE Vernova’s AI Power Boom Faces a Profit Test Cardinal Health Earnings: Can Perfection Get Priced In Twice? Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand Legacy Jet Builders Stall While Embraer Accelerates to New Highs

Receive News & Ratings for Li Auto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Li Auto and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINESidoti Research Analysts Cut Earnings Estimates for ePlus

NEXT HEADLINE »E.On (OTCMKTS:ENAKF) vs. NiSource (NYSE:NI) Financial Comparison

BEIJING, China, Aug. 01, 2026 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China's new energy vehicle market, today announced that it delivered 30,468 vehicles in July 2026. As of July 31, 2026, Li Auto's cumulative deliveries reached 1,764,155.

Li Auto Inc. Sponsored ADR (LI - Free Report) closed the most recent trading day at $12.21, moving -1.29% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.89%. Meanwhile, the Dow experienced a rise of 0.74%, and the technology-dominated Nasdaq saw an increase of 1.29%.

The stock of company has fallen by 3.51% in the past month, leading the Auto-Tires-Trucks sector's loss of 6.09% and undershooting the S&P 500's loss of 0.63%.

Analysts and investors alike will be keeping a close eye on the performance of Li Auto Inc. Sponsored ADR in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.01, marking a 107.14% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $3.73 billion, reflecting a 11.77% fall from the equivalent quarter last year.

LI's full-year Zacks Consensus Estimates are calling for earnings of -$0.08 per share and revenue of $18.69 billion. These results would represent year-over-year changes of -153.33% and +18.63%, respectively.

Investors should also note any recent changes to analyst estimates for Li Auto Inc Sponsored ADR. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 17.07% downward. Li Auto Inc. Sponsored ADR presently features a Zacks Rank of #4 (Sell).

The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 167, which puts it in the bottom 33% of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

Li Auto Inc. Sponsored ADR (LI - Free Report) closed the most recent trading day at $12.73, moving +2.09% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.38%. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq gained 0.62%.

Shares of the company witnessed a loss of 11.18% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its loss of 1.97%, and the S&P 500's gain of 1.61%.

Investors will be eagerly watching for the performance of Li Auto Inc. Sponsored ADR in its upcoming earnings disclosure. The company's upcoming EPS is projected at -$0.01, signifying a 107.14% drop compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.73 billion, down 11.77% from the year-ago period.

For the full year, the Zacks Consensus Estimates project earnings of -$0.07 per share and a revenue of $18.61 billion, demonstrating changes of -146.67% and +18.16%, respectively, from the preceding year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Li Auto Inc Sponsored ADR. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 4.88% lower within the past month. Li Auto Inc. Sponsored ADR currently has a Zacks Rank of #4 (Sell).

The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 193, which puts it in the bottom 22% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

Li Auto Inc. Sponsored ADR (LI - Free Report) closed the most recent trading day at $11.91, moving -1.73% from the previous trading session. This change lagged the S&P 500's daily gain of 0.81%. Elsewhere, the Dow gained 0.27%, while the tech-heavy Nasdaq added 1.3%.

The stock of company has fallen by 11.47% in the past month, lagging the Auto-Tires-Trucks sector's loss of 3.47% and the S&P 500's gain of 1.13%.

Market participants will be closely following the financial results of Li Auto Inc. Sponsored ADR in its upcoming release. In that report, analysts expect Li Auto Inc. Sponsored ADR to post earnings of -$0.01 per share. This would mark a year-over-year decline of 107.14%. Alongside, our most recent consensus estimate is anticipating revenue of $3.73 billion, indicating a 11.77% downward movement from the same quarter last year.

LI's full-year Zacks Consensus Estimates are calling for earnings of -$0.07 per share and revenue of $18.61 billion. These results would represent year-over-year changes of -146.67% and +18.16%, respectively.

Any recent changes to analyst estimates for Li Auto Inc. Sponsored ADR should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 4.88% lower within the past month. Right now, Li Auto Inc. Sponsored ADR possesses a Zacks Rank of #4 (Sell).

The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 190, this industry ranks in the bottom 23% of all industries, numbering over 250.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

BEIJING, China, July 01, 2026 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China's new energy vehicle market, today announced that it delivered 30,895 vehicles in June 2026. As of June 30, 2026, Li Auto's cumulative deliveries reached 1,733,687.

May 12, 2026 05:00 ET  | Source: Li Auto Inc.

BEIJING, China, May 12, 2026 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that it will report its unaudited financial results for the first quarter of 2026 before the U.S. market opens on Thursday, May 28, 2026.

The Company’s management will hold an earnings conference call on Thursday, May 28, 2026, at 8:00 A.M. U.S. Eastern Time or 8:00 P.M. Beijing/Hong Kong Time on the same day.

For participants who wish to join the call, please complete online registration using the link provided below prior to the scheduled call start time. Upon registration, participants will receive the conference call access information, including dial-in numbers, passcode, and a unique access PIN. To join the conference, please dial the number provided, enter the passcode followed by your PIN, and you will join the conference instantly.

Participant Online Registration: https://s1.c-conf.com/diamondpass/10054648-why786.html

A replay of the conference call will be accessible through June 4, 2026, by dialing the following numbers:

United States:+1-855-883-1031Chinese Mainland:+86-400-1209-216Hong Kong, China:+852-800-930-639International:+61-7-3107-6325Replay PIN:10054648   A live and archived webcast of the conference call will also be available at the Company’s investor relations website at https://ir.lixiang.com.

About Li Auto Inc.

Li Auto Inc. is a leader in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles. Its mission is: Be Proactive, Change the World. Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and comfortable products and services. Li Auto is a pioneer in successfully commercializing extended-range electric vehicles in China. While firmly advancing along this technological route, it builds platforms for battery electric vehicles in parallel. The Company leverages technology to create value for users. It concentrates its in-house development efforts on proprietary range extension systems, innovative electric vehicle technologies, and smart vehicle solutions. The Company started volume production in November 2019. Its current model lineup includes a high-tech flagship family MPV, four Li L series extended-range electric SUVs, and two Li i series battery electric SUVs. The Company will continue to expand its product lineup to target a broader user base.

For more information, please visit: https://ir.lixiang.com.

For investor and media inquiries, please contact:

Li Auto Inc.
Investor Relations
Email: [email protected]

Christensen Advisory
Roger Hu
Tel: +86-10-5900-1548
Email: [email protected]

In the latest close session, Li Auto Inc. Sponsored ADR (LI - Free Report) was down 3.75% at $19.27. The stock's performance was behind the S&P 500's daily gain of 0.77%. Elsewhere, the Dow gained 0.75%, while the tech-heavy Nasdaq added 0.88%.

Coming into today, shares of the company had gained 10.24% in the past month. In that same time, the Auto-Tires-Trucks sector gained 14.25%, while the S&P 500 gained 8.15%.

The upcoming earnings release of Li Auto Inc. Sponsored ADR will be of great interest to investors. The company's earnings report is expected on May 28, 2026. The company's upcoming EPS is projected at $0, signifying a 100.00% drop compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $3.14 billion, down 12.02% from the year-ago period.

For the full year, the Zacks Consensus Estimates project earnings of $0.12 per share and a revenue of $18.42 billion, demonstrating changes of -20% and +16.9%, respectively, from the preceding year.

Investors might also notice recent changes to analyst estimates for Li Auto Inc Sponsored ADR. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 10.98% lower. Li Auto Inc. Sponsored ADR is holding a Zacks Rank of #4 (Sell) right now.

From a valuation perspective, Li Auto Inc. Sponsored ADR is currently exchanging hands at a Forward P/E ratio of 164.55. This represents a premium compared to its industry average Forward P/E of 10.07.

The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 173, positioning it in the bottom 30% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

On May 18, 2026, Li Auto Inc LI shares fell 9.8%, bringing the current price to $16.66. The stock has experienced significant volatility over the past year, with a 52-week range of $15.71 to $32.03.

GF Value™ verdict: The current price is $16.66, compared to a GF Value™ of $23.07, indicating a 27.8% undervaluation.GF Score™ of 81/100 suggests a strong overall rating based on key financial metrics.Most notable signal: No insider transactions have been reported in the last 3 months. Is LI Overvalued or Undervalued? Li Auto Inc's current share price of $16.66 is significantly below the GF Value™ of $23.07, indicating that the stock is undervalued by approximately 27.8%. This discrepancy presents an opportunity for potential investors, as the margin of safety is considerable. However, it is important to note that the GF Valuation label indicates that the stock is classified as "Modestly Undervalued." This suggests that while there is potential upside, the valuation is not without risk, particularly in light of the company's recent price performance.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. As such, the current undervaluation could present an attractive entry point, but investors should remain cautious due to the company's recent volatility and performance trends.

How Does LI's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 118.4x 26.5x Forward P/E 98.2x N/A Li Auto Inc's current P/E (TTM) of 118.4x is significantly higher than its 5-year median P/E of 26.5x, indicating that the stock is trading at a much higher valuation than historical levels. The forward P/E of 98.2x also suggests that expectations for future earnings remain elevated. This P/E analysis supports the GF Value™ verdict that the stock is undervalued, given that the current P/E is 346% above its 5-year median valuation, which could signify over-optimism regarding future growth.

What Does LI's GF Score™ Tell Us? Metric Rating GF Score™ 81 Financial Strength 6/10 Profitability 4/10 Growth 10/10 Valuation 8/10 Momentum 4/10 The GF Score™ of 81/100 indicates a strong overall rating for Li Auto Inc, with the highest score in the Growth category at 10/10, reflecting robust growth potential. However, the weakest area is Profitability, scoring only 4/10, suggesting that while the company may have promising growth prospects, it is currently facing challenges in translating that growth into profits. Financial Strength is also moderate at 6/10, indicating a stable but not exceptional financial position. Overall, the GF Score™ suggests that while there are strengths in growth potential, caution is warranted due to profitability concerns.

What Are Insiders Doing with LI Stock? There have been no insider transactions reported for Li Auto Inc in the last three months. This lack of activity could suggest that insiders may not see immediate opportunities or risks within the stock at its current price. While insider buying can often indicate confidence in a company's future prospects, the absence of activity may not necessarily reflect negative sentiment, as it could also indicate a wait-and-see approach among executives.

What This Means for Investors Based on the analysis of GF Value™, Li Auto Inc is currently undervalued. The significant margin of safety, coupled with a strong GF Score™, indicates potential for upside. However, investors should remain aware of the risks associated with the company's valuation metrics and recent performance trends.

For the complete analysis, visit the Li Auto Inc LI stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is LI's GF Score™?

Li Auto Inc has a GF Score™ of 81/100, indicating a strong overall rating based on key financial metrics that have historically correlated with higher long-term returns.

Is LI overvalued or undervalued?

Li Auto Inc is currently undervalued, with a GF Value™ of $23.07 compared to its current price of $16.66, suggesting a potential upside of 27.8%.

What is LI's P/E ratio?

The current P/E (TTM) for Li Auto Inc is 118.4x, which is significantly above its 5-year median P/E of 26.5x, indicating that the stock is trading at a considerably higher valuation than its historical levels.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Today's Change

(

-0.38

%) $

-0.02

Current Price

$

5.21

Chinese electric vehicle (EV) manufacturer Nio (NIO 0.38%) closed Thursday at $5.60, up 0.18%. The stock swung as traders reacted to Q1 2026 results showing surging revenue, improved margins, and a return to adjusted profitability. Ongoing net losses and updated delivery guidance have investors split on whether the company is at an inflection point.
Trading volume reached 96.1 million shares, coming in about 139% above its three-month average of 40.2 million shares. Nio IPO'd in 2018 and has fallen 16% since going public.

How the markets moved todayS&P 500 (^GSPC +0.50%) inched up 0.18% to 7,446, while the Nasdaq Composite (^IXIC +0.31%) added 0.09% to finish at 26,293. Within auto manufacturers, industry peers Tesla (TSLA +1.65%) closed at $417.85 (up 0.14%) and Li Auto (LI +3.88%) finished at $16.20 (up 0.12%) as investors assessed EV demand and new models.

What this means for investorsNio shares initially spiked after its Q1 report showed revenue more than doubled year over year, gross margin continued to rise, and management guided for much higher second-quarter EV deliveries. 

Nio delivered about 83,500 vehicles in the first quarter, but expects between 110,000 and 115,000 for Q2. That gave the stock early momentum, but gains were pared as investors considered its $45 million loss from operations. That was a decline from the approximately $100 million profit the company reported in the fourth quarter of 2025. Adjusted profit, excluding stock-based compensation, remained positive, however.

Investor focus will remain on that and the companies rising gross margin to see if it can achieve consistent profitability. Nio stock won’t likely break out unless that occurs.

Howard Smith has positions in Nio and Tesla. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy.