Li Auto (ADR)
Builds family-oriented extended-range and battery-electric vehicles through a direct network in China.
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Profile
Sells family-oriented smart vehicles through Li L-series extended-range SUVs, Li i-series battery-electric SUVs, and the Li MEGA battery-electric MPV. Vehicle sales supply most revenue through a direct network concentrated in China, while battery-electric expansion depends on retail capacity and fast-charging coverage.
Designs and sells family-oriented smart vehicles, organized around Li L-series extended-range electric SUVs, Li i-series battery-electric SUVs, and the Li MEGA battery-electric MPV. Vehicle sales provide most revenue, with sales and service handled through a company-operated digital and physical network.
Operations remain concentrated in China, where direct retail, service, and supercharging infrastructure support ownership and the expansion of battery-electric models. The extended-range lineup addresses charging constraints by using electric drive with a gasoline generator.
Commercial performance depends on a limited model range, acceptance of both extended-range and battery-electric vehicles, component and semiconductor supply, product quality, and sufficient fast-charging coverage. The Cayman holding company conducts its China business through subsidiaries and variable-interest entities under PRC rules, while founder Xiang Li retains voting control.
Company facts
Categories
Key statistics
Year to date −29.1% · Average volume (30d) 3.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 27, 2026 | Piper Sandler | Target | $19 | $13 | ||
| Aug 26, 2026 | Bernstein | Reiterate | Market Perform | $19 | $14.50 | |
| Aug 26, 2026 | US Tiger Securities | Reiterate | Buy | $24 | $16 | |
| Jun 10, 2026 | HSBC | Reiterate | Hold | $18.60 | $15.60 | |
| May 29, 2026 | Barclays | Reiterate | Equal Weight | $18 | $14 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 26, 2026Q2 FY26 | −$0.12 | −$0.25 | −111.0% | $3.86B | $3.78B | −2.3% | −1.06% |
| May 28, 2026Q1 FY26 | −$0.27 | −$0.33 | −24.2% | $3.17B | $3.33B | +5.0% | −3.41% |
| Mar 12, 2026Q4 FY25 | $0.03 | $0.04 | +38.1% | $4.16B | $4.11B | −1.1% | −2.80% |
| Nov 26, 2025Q3 FY25 | $0.04 | −$0.09 | −325.0% | $4.13B | $3.85B | −6.7% | −0.22% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.87B | $4.52B | $4.08B | $4.22B | $3.40B | $3.81B | |
| Gross profit | $793.1M | $905.9M | $665.9M | $752.9M | $267.4M | $420.8M | |
| Operating income | $40.8M | $80.5M | −$189.9M | −$78.2M | −$438.3M | −$329.0M | |
| Net income | $97.0M | $163.1M | −$93.1M | $956.6K | −$338.6M | −$252.9M | |
| Diluted EPS | $0.09 | $0.15 | −$0.09 | $0.00 | −$0.34 | −$0.25 | |
| Gross margin | 20.5% | 20.1% | 16.3% | 17.8% | 7.9% | 11.0% | |
| Operating margin | 1.1% | 1.8% | -4.7% | -1.9% | -12.9% | -8.6% |
Fiscal years (4-quarter sums)FY21 $4.02B · FY22 $6.72B · FY23 $18.49B · FY24 $21.19B · FY25 $16.68B
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $12.74B · Total debt $4.47B · Total assets $20.94B · Shareholders' equity $9.82B
Dividends
No dividends on record.
Ownership
Shares outstanding 1.01B · Float 535.19M · 53.0% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Renaissance Technologies LLC | 6.52M | 0.65% | 13F | Aug 13, 2026 |
| Xiamen Xinweidachuang Investment Partnership (Limited Partnership) | 4.93M | 0.49% | 13F | Aug 10, 2026 |
| Morgan Stanley | 4.64M | 0.46% | 13F | Aug 13, 2026 |
| UBS Group AG | 3.15M | 0.31% | 13F | Aug 13, 2026 |
| Citigroup Inc | 2.79M | 0.28% | 13F | Aug 3, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Tesla
Premium BEV benchmark in SUVs, charging, software, and assisted driving
- NIO (ADR)
Premium family BEVs with smart cabins and charging services
- XPeng (ADR)
Smart-EV rival across SUVs, MPVs, fast charging, and urban ADAS
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Li Auto (ADR) | $12.19 | −0.37% | $12.35B | — | 64.9 | 0.8 | −10.4% |
| Tesla | $348.19 | −0.16% | $1.38T | 322.9 | 174.6 | 13.3 | +25.5% |
| NIO (ADR) | $4.37 | +0.23% | $10.84B | — | — | 0.7 | +123.9% |
| XPeng (ADR) | $11.50 | −0.29% | $10.95B | — | — | 1.0 | +14.0% |
| Median | 322.9 | 174.6 | 1.0 | +25.5% |





