Li Auto Inc ADR

LI: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Li Auto Earnings: Largest Quarterly Loss Due to Weak Vehicle Margin; Guidance Remains Sluggish

Vincent Sun

May 29, 2026

Li Auto’s first-quarter revenue declined 11% year on year, mainly attributable to a drop in vehicle pricing due to a product mix downshift. Vehicle margin lost 11 percentage points from last quarter as competition remained fierce.

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Li Auto Inc ADR

Li Auto Earnings: Largest Quarterly Loss Due to Weak Vehicle Margin; Guidance Remains Sluggish

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