Li Auto Inc. designs, develops, manufactures and sells smart electric sport utility vehicles (SUVs) in China. The company is headquartered in Beijing, China.
| Revenue (TTM) | $104.79B |
| Gross Profit (TTM) | $14.24B |
| EBITDA | $-1.60B |
| Operating Margin | -8.96% |
| Return on Equity | -6.57% |
| Return on Assets | -2.84% |
| Revenue/Share (TTM) | $103.73 |
| Book Value | $9.67 |
| Price-to-Book | 1.28 |
| Price-to-Sales (TTM) | 0.12 |
| EV/Revenue | 0.0953 |
| EV/EBITDA | 3.75 |
| Quarterly Earnings Growth (YoY) | -99.80% |
| Quarterly Revenue Growth (YoY) | -15.10% |
| Shares Outstanding | $804.94M |
| Float | $529.28M |
| % Insiders | 0.02% |
| % Institutions | 4.93% |
Volatility is currently contracting
Li Auto delivered a modestly robust Q2, beating top line estimates, but seeing revenue pressure due to falling volumes. LI improved its vehicle margin to 9.4% in Q2, and is therefore still trailing the EV competition. Nonetheless, Li Auto's financial and operating performance could be improving if new product launches, such as refreshed L-Series models and the new Li MEGA, become a success.
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.
BEIJING, Sept. 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 37,679 vehicles in August 2026. As of August 31, 2026, Li Auto's cumulative deliveries reached 1,801,834.
Li Auto Inc‘s (NASDAQ:LI) ambition extends beyond building electric vehicles. During its second quarter earnings call on Wednesday, the Chinese automaker revealed the strategic philosophy behind its growing investment in proprietary chips and batteries, saying it wants to emulate Apple Inc. and Huawei by controlling the technologies that matter most—while making clear it has no intention of replacing partners like Nvidia Corp (NASDAQ:NVDA) and CATL.
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. (LI) Q2 2026 Earnings Call Transcript
"Chinese EVs are facing increased competition," says Steve Westly when discussing Li Auto (LI), as the company's earnings indicate related pressures. That said, Steve says "EVs are here to stay" and highlights cost-cutting measures as the leading component to his thesis. Brian Moody focuses more on EV international growth and ways American automakers like Tesla (TSLA) and Alphabet's (GOOGL) Waymo can capitalize on expansion. He says companies need to adjust to autonomous driving trends.
Li Auto NASDAQ: LI reported a second-quarter net loss as revenue and vehicle margins declined from a year earlier, while management outlined plans for new battery-electric vehicle launches, continued investment in proprietary technology and expansion into overseas markets.
Li expects to deliver about 97,500 cars in the third quarter, up about 5% year over year.
The Nasdaq-listed automaker reported a second consecutive quarter of losses, even as it tried to spur demand by launching new models.
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