Li Auto Inc.
Li Auto was founded in 2015 by Li Xiang, a serial entrepreneur previously behind the Autohome car-classifieds platform. Unlike the BEV-only positioning of NIO and XPeng, Li Auto built its identity on extended-range EVs (EREVs) — battery-electric drivetrains backed by a small petrol generator to address range anxiety in a market where charging infrastructure outside major cities is uneven.
Li Auto's Q1 2026 delivered $23.0B in revenue — down 11.4% versus the same quarter a year ago. Net margin held at -10.0%. Shares currently trade at EV/EBITDA of -45.7. Analyst consensus leans buy (2.43/5).
Li Auto was founded in 2015 by Li Xiang, a serial entrepreneur previously behind the Autohome car-classifieds platform. Unlike the BEV-only positioning of NIO and XPeng, Li Auto built its identity on extended-range EVs (EREVs) — battery-electric drivetrains backed by a small petrol generator to address range anxiety in a market where charging infrastructure outside major cities is uneven.