Li Auto Inc ADR

LI: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Li Auto Earnings: Remained in Operating Loss; Sluggish Q1 Volume and Margin Guidance

Vincent Sun

Mar 13, 2026

Li Auto’s fourth-quarter revenue declined 35% year on year, mainly attributable to a drop in vehicle volume and pricing. Together with the product mix downshift, vehicle margin lost 3 percentage points year on year, while competition remained fierce.

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Li Auto Inc ADR

Li Auto Earnings: Remained in Operating Loss; Sluggish Q1 Volume and Margin Guidance

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