Li Auto Reports Q1 2026 Revenue of 23 Billion Yuan

Li Auto (LI.O) released its financial results for the first quarter of 2026, reporting a revenue of 23 billion yuan. According to Jin10, the company delivered 95,142 vehicles during the quarter, marking a 2.5% year-on-year increase. For customers of the Li Auto i6 model, whose deliveries were delayed due to higher-than-expected orders, the company covered over 500 million yuan in purchase tax differences. As of the end of the first quarter, Li Auto's cash reserves stood at 94.3 billion yuan, maintaining a fund scale of around 100 billion yuan for ten consecutive quarters. Additionally, Li Auto initiated a $1 billion share buyback program in March and has swiftly executed it, repurchasing $139.7 million worth of shares by May 26, 2026, completing approximately 14% of the planned amount within two months.