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 Q2 2026 delivered $25.7B in revenue — down 15.1% versus the same quarter a year ago. Net margin held at -6.6%. Shares currently trade at EV/EBITDA of 52.8 and a 0.0% dividend yield. Analyst consensus leans buy (2.42/5).
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.