On May 28, Li Auto (LI.O) unveiled its financial results for the first quarter of 2026. According to the report, the company's revenue for the quarter soared to RMB 23 billion, with a total of 95,142 vehicles delivered—a notable 2.5% uptick compared to the same period last year.
In response to the overwhelming demand that led to some customers experiencing a delay in receiving their Li Auto i6 models until the following year, Li Auto proactively stepped in to cover the purchase tax difference, which exceeded RMB 500 million.
As of the end of the first quarter, Li Auto boasted cash reserves of RMB 94.3 billion, successfully maintaining a capital scale of approximately RMB 100 billion for ten consecutive quarters.
Furthermore, in March, Li Auto launched a share repurchase program worth USD 1 billion and wasted no time in making progress. By May 26, 2026, the company had already repurchased shares worth USD 139.7 million, accomplishing roughly 14% of the repurchase target within just two months.