Li Auto Inc. SEC Filings

Li Auto Inc. is setting the record date for its forthcoming annual general meeting of shareholders. Holders of Class A and Class B ordinary shares registered as of the close of business on April 24, 2026 (Hong Kong time) will be entitled to attend and vote at the meeting.

Share transfer documents for shares on the Hong Kong branch register must reach the Hong Kong registrar by 4:30 p.m. on April 24, 2026, while transfers on the Cayman Islands principal register must reach the Cayman registrar by 6:00 p.m. on April 23, 2026. Holders of American depositary shares as of the close of business on April 24, 2026 (New York time) may attend the meeting and can instruct the ADS depositary how to vote the underlying Class A ordinary shares.

Li Auto Inc. reported strong operating metrics for March 2026, delivering 41,053 vehicles and bringing cumulative deliveries to 1,635,357 as of March 31, 2026. With a resolved production bottleneck, Li i6 monthly deliveries surpassed 24,000 units in March.

The company plans to launch the all-new Li L9 in the second quarter of 2026 and highlighted technology progress with its MindVLA autonomous driving foundation model and 3D ViT Encoder. As of March 31, 2026, Li Auto operated 517 retail stores in 160 cities, 552 servicing centers and authorized shops in 223 cities, and 4,057 super charging stations with 22,439 charging stalls across China.

Li Auto Inc., a foreign private issuer, filed a Form 6-K for March 2026. The company explains that it publishes Next Day Disclosure Return forms on the website of The Stock Exchange of Hong Kong Limited and submits them in the U.S. on a weekly basis as exhibits.

This filing attaches three such returns dated March 25, March 26, and March 27, 2026, as Exhibits 99.1, 99.2, and 99.3. Li Auto confirms it files annual reports under cover of Form 20-F, and the report is signed by Director and Chief Financial Officer Tie Li.

Li Auto Inc. filed a final amendment to its Schedule TO reporting the results of a tender offer under the Company’s Put Right for its 0.25% Convertible Senior Notes due 2028. The Put Right Notice is dated March 27, 2026, and the consideration for surrendered Notes is cash, subject to the conditions set forth in the Put Option.

Li Auto Inc. has launched a share repurchase program authorizing buybacks of up to US$1.0 billion of its Class A ordinary shares and/or ADSs. The program runs from the approval date through March 31, 2027 and will be funded from the company’s existing cash balance.

Repurchases may be carried out over time via open-market purchases, block trades or other legally permissible methods, in line with U.S. rules such as SEC Rules 10b-18 and 10b5-1. The board can review, adjust, suspend or terminate the program, and it is supported by a previously approved general share repurchase mandate from shareholders.

Li Auto Inc. director and significant shareholder Wang Xing reported indirect holdings of Class A ordinary shares through two entities. One block of 109,803,276 shares is held by Zijin Global Inc., which is ultimately owned by a trust established by Wang Xing for himself and his family. Another block of 258,171,601 shares is held by Inspire Elite Investments Limited, a wholly owned subsidiary of Meituan, where Wang Xing is a director and controlling shareholder. In both cases, he disclaims beneficial ownership except to the extent of his pecuniary interest.

Li Auto Inc. reported significantly weaker results for 2025, with full year total revenues of RMB112.3 billion (US$16.1 billion), down 22.3% from RMB144.5 billion in 2024. Full year net income dropped to RMB1.14 billion, compared with RMB8.05 billion a year earlier.

Vehicle deliveries fell to 406,343 in 2025 from 500,508 in 2024, reflecting a tougher product cycle and competition. In the fourth quarter of 2025, revenues were RMB28.8 billion (US$4.1 billion), up 5.2% sequentially but 35.0% lower year over year, while net income was roughly breakeven at RMB20.2 million.

Margins compressed, with full year gross margin declining from 20.5% to 18.7% and operating margin turning from a 4.9% profit to a 0.5% loss. Free cash flow for 2025 swung to an outflow of RMB12.8 billion from an inflow of RMB8.2 billion, though year-end cash and investments remained strong at RMB101.2 billion.

Li Auto Inc. reported delivering 26,421 vehicles in February 2026, bringing its cumulative deliveries to 1,594,304 as of February 28, 2026. This highlights the continued scale of its operations in China’s new energy vehicle market.

The company rolled out OTA software update version 8.3 before the Chinese Spring Festival, upgrading its VLA Driver large model, smart cockpit, and smart electric functions. During the holiday travel peak, Li Auto supported over 1.45 million charging sessions, exceeding 42 million kWh, through more than 4,000 super charging stations.

Li Auto plans to launch the all-new Li L9 in the second quarter. As of February 28, 2026, it operated 539 retail stores in 160 cities, 548 servicing centers and authorized shops in 223 cities, and 4,054 super charging stations with 22,447 charging stalls in China.

Li Auto Inc. has scheduled a board meeting for March 12, 2026 to consider and approve the Group’s unaudited financial results for the three months ended December 31, 2025 and the unaudited annual results for the year ended December 31, 2025, along with their publication.

Management will also host an earnings conference call on March 12, 2026 at 8:00 A.M. U.S. Eastern Time / 8:00 P.M. Beijing/Hong Kong Time, with investors required to complete online registration in advance to receive dial‑in details and access credentials.