Li Auto posts Q1 net loss

Li Auto reported a Q1 2026 net loss of RMB 2.3 billion, compared with a net profit of RMB 646.6 million in the same period last year. Total revenue fell 11.4% YoY to RMB 23 billion, while vehicle deliveries rose 2.5% to 95,142 units. The company expects Q2 deliveries of 95,000–100,000 vehicles.