[Li Auto Reports RMB 23 Billion Revenue in Q1, Maintains ~RMB 100 Billion Cash Reserves for 10 Consecutive Quarters]

Published: May 31, 2026 20:31

Save

Li Auto released its Q1 2026 financial report. Quarterly revenue reached RMB 23 billion, with cash reserves at RMB 94.3 billion by the end of the quarter, maintaining a leading position among new energy vehicle startups. The company delivered 95,142 vehicles in Q1, a 2.5% year-on-year increase, exceeding its guidance and ranking first among Chinese brands in the new energy vehicle market priced above RMB 200,000.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

[SMM Weekly Review] This week's hydrometallurgy recycling market: cobalt prices continued to decline, hydrometallurgy recycling trading was sluggish, July 27-30, 2026

Raw material side, lithium carbonate and nickel sulphate prices fluctuated this week, while cobalt sulphate prices fell steadily.

2 hours ago

[Yongshan Lithium Plans to Raise up to RMB 500 Million via Private Placement of A-Shares]

On July 29, Yongshan Lithium (603399.SH) announced that it plans to issue A-shares to specific investors, with total funds raised not exceeding RMB 500 million (inclusive). After deducting issuance expenses, the entire amount will be used to replenish working capital. The subscriber is Yonghong Investment, a wholly‑owned subsidiary of the company’s controlling shareholder Yongrong Zhisheng, and the subscription funds will come from its own funds and self‑raised funds. The number of shares to be issued shall not exceed 71,839,080 shares (inclusive), representing 14.02% of the total share capital before the issuance. The issuance price shall not be lower than 80% of the average trading price of the company’s shares over the 20 trading days prior to the pricing benchmark date, with a lock‑up period of 18 months.

2 hours ago

[Pret to Invest 500 Million Yuan in Upgrading Large‑Form Advanced Battery Production Line]

On July 29, Shanghai Pret Composites Co., Ltd. (002324.SZ) stated that its subsidiary, Jiangsu Highstar Energy Storage Technology Co., Ltd., plans to invest in the "Large‑Form Advanced Battery Production Line Upgrade and Renovation Project," with a total planned investment of approximately RMB 500 million. The construction period is expected to be 12 months, starting in July 2026 and commencing production in June 2027. The project will add an annual production capacity of 6 GWh of high‑performance prismatic lithium‑ion batteries, primarily used in energy storage systems. The funds will be sourced from the company's own and self‑raised capital.

2 hours ago