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LI · NASDAQ · Auto - Manufacturers

Li Auto (ADR)

Builds family-oriented extended-range and battery-electric vehicles through a direct network in China.

$12.19
After-hours close−0.04 (−0.37%)
At close$12.24(+0.45%)
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Profile

Li Auto Inc.LIConsumer Discretionary

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

CEOXiang Li
ListedJul 30, 2020
ExchangeNASDAQ
HeadquartersBeijing, China
CountryChina
Employees30,728
CIK0001791706
ISINUS50202M1027

Key statistics

Market cap$12.35B
EPS (ttm)−$0.6836
P/E (ttm)−17.89
ROE-6.5%
P/B1.26
P/S0.8015
Dividend yield
Beta0.70vs XLY 0.21

Year to date −29.1% · Average volume (30d) 3.0M

Analysts

Price target, next 12 months$15.60+27.6%Median of 16 analysts · vs the Aug 28 close
ConsensusHold7 of 16 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRatingPrior targetTarget
Aug 27, 2026Piper SandlerTarget$19$13
Aug 26, 2026BernsteinReiterateMarket Perform$19$14.50
Aug 26, 2026US Tiger SecuritiesReiterateBuy$24$16
Jun 10, 2026HSBCReiterateHold$18.60$15.60
May 29, 2026BarclaysReiterateEqual Weight$18$14

Earnings

EPS

Estimate−$0.06
ReportedDue Nov 25, 2026

Revenue

Estimate$4.34B
ReportedDue Nov 25, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext 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%
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Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 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 margin20.5%20.1%16.3%17.8%7.9%11.0%
Operating margin1.1%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

Vehicle Sales$15.87B · 95%
Other Sales And Services$837.6M · 5%

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

Institutions 4.11%Insiders

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

HolderShares% outstandingFormFiled
Renaissance Technologies LLC6.52M0.65%13FAug 13, 2026
Xiamen Xinweidachuang Investment Partnership (Limited Partnership)4.93M0.49%13FAug 10, 2026
Morgan Stanley4.64M0.46%13FAug 13, 2026
UBS Group AG3.15M0.31%13FAug 13, 2026
Citigroup Inc2.79M0.28%13FAug 3, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

Peers

  • 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

CompanyPriceChange
Li Auto (ADR)$12.19−0.37%$12.35B64.90.8−10.4%
Tesla$348.19−0.16%$1.38T322.9174.613.3+25.5%
NIO (ADR)$4.37+0.23%$10.84B0.7+123.9%
XPeng (ADR)$11.50−0.29%$10.95B1.0+14.0%
Median322.9174.61.0+25.5%