Li Auto Inc ADR

LI: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Li Auto Earnings: Weak Volume and Vehicle Margins Drive Losses; Guidance Disappoints

Vincent Sun

Aug 27, 2026

Li Auto's second-quarter revenue declined 15% year over year, mainly due to lower vehicle sales volume and pricing. However, vehicle margin recovered 340 basis points sequentially, and average selling price increased 8% from the previous quarter following the launch of the new-generation L9 and L8.

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Li Auto Inc ADR

Li Auto Earnings: Weak Volume and Vehicle Margins Drive Losses; Guidance Disappoints

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