Li Auto (ADR) (LI)
Builds family-oriented extended-range and battery-electric vehicles through a direct network in China.
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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
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 1, 2026 | UBS | Upgrade | ||
| Aug 27, 2026 | Piper Sandler | Reiterate | Rating: —Target: $19 | Target: $13 |
| Aug 26, 2026 | Bernstein | Reiterate | Rating: —Target: $19 | Target: $14.50 |
| Aug 26, 2026 | US Tiger Securities | Reiterate | Rating: —Target: $24 | Target: $16 |
| Jun 10, 2026 | HSBC | Reiterate | Rating: —Target: $18.60 | Target: $15.60 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $12.80B · Total debt $4.49B · Total assets $21.04B · Shareholders' equity $9.87B
- Revenue
- $3.83B
- Operating income
- −$330.7M
- Net income
- −$254.1M
Reported in CNY, converted at the latest exchange rate
No dividends on record.
| Institutions | 4.11% | 41.55M ADS | |
|---|---|---|---|
| 190 holders · as of Jun 30, 2026 | |||
| Insiders | 40.62% | 410.20M ADS | |
| 5 holders · as of Jun 17, 2026 | |||
| Other | 55.27% | 558.21M ADS | |
| remainder | |||
1.01B ADS (1 ADS = 2 ordinary shares) as of Sep 8, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Xiang LiInsiderdirector, officer: Chief Executive Officer | 22.99% | 355.81M B ordinary · 108.56M A ordinary | filed Mar 18, 2026 |
Xing WangInsiderdirector, 10 percent owner | 12.78% | 258.17M A ordinary | filed Mar 16, 2026 |
Zheng FanInsiderdirector | 4.11% | 83.08M A ordinary | filed Mar 18, 2026 |
Tie LiInsiderdirector, officer: Chief Financial Officer | 0.71% | 14.37M A ordinary | filed Mar 18, 2026 |
Renaissance Technologies LLCInstitution | 0.65% | 6.52M A ADS | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Li Auto (ADR) | $11.66 | +1.17% | $11.63B | — | 78.8 | 0.7 | −10.5% |
| Tesla | $376.40 | +0.29% | $1.48T | 347.5 | 182.6 | 14.3 | +25.5% |
| NIO (ADR) | $3.71 | +0.95% | $9.11B | — | — | 0.5 | +78.3% |
| XPeng (ADR) | $10.42 | −0.48% | $9.95B | — | — | 0.9 | +14.0% |
| Median | 347.5 | 182.6 | 0.9 | +25.5% |