Li Auto Inc. reported unaudited financial results for the second quarter ended June 30, 2026. Total revenues decreased 15.1% year-over-year to RMB25.7 billion (US$3.8 billion), while vehicle deliveries fell 11.5% to 98,330 units. The company posted a net loss of RMB1.7 billion (US$251.3 million) compared to net income in the prior year period. Gross margin improved sequentially to 11.0%, up from 7.9% in Q1 2026, driven by product mix optimization and the launch of the all-new Li L9. Operating expenses were RMB5.1 billion, representing a slight decrease from the previous quarter. The company also announced July deliveries of 30,468 vehicles and provided guidance for Q3 2026 deliveries between 95,000 and 100,000 units. Li Auto Inc. designs, develops, manufactures, and sells premium smart electric vehicles in China.
