---
title: "Li Auto Tweaks Dual-Class Share Structure With April 24 Conversion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284204756.md"
description: "Li Auto announced a conversion of 711,481 Class B WVR ordinary shares into Class A shares on April 24, 2026, slightly increasing its Class A share count while reducing Class B shares. This change, disclosed to the Hong Kong exchange and U.S. SEC, indicates a minor adjustment in the company's dual-class share structure without immediate shareholder dilution. Analysts rate LI stock as a Buy with a $22.00 price target, though concerns about weakening operating results and high valuation persist. Li Auto focuses on smart electric and hybrid vehicles and has a market cap of $18.21B."
datetime: "2026-04-27T10:30:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284204756.md)
  - [en](https://longbridge.com/en/news/284204756.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284204756.md)
---

# Li Auto Tweaks Dual-Class Share Structure With April 24 Conversion

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Li Auto ( (LI) ) has provided an announcement.

On April 24, 2026, Li Auto converted 711,481 Class B WVR ordinary shares into Class A WVR ordinary shares, slightly increasing its Hong Kong–listed Class A share count while reducing the unlisted Class B pool. Following the change, disclosed in a Next Day Disclosure Return filed with the Hong Kong exchange and reported to the U.S. SEC on April 27, 2026, total issued shares rose marginally in Class A and fell correspondingly in Class B, signalling an incremental shift in the company’s dual-class capital structure without buybacks or redemptions and with limited immediate impact on overall shareholder dilution.

The most recent analyst rating on (LI) stock is a Buy with a $22.00 price target. To see the full list of analyst forecasts on Li Auto stock, see the LI Stock Forecast page.

**Spark’s Take on LI Stock**

According to Spark, TipRanks’ AI Analyst, LI is a Neutral.

The score is held back primarily by weakening 2025 operating results and a meaningful deterioration in cash generation, partially offset by a solid balance sheet. Technicals are moderately supportive in the short-to-medium term, but valuation is expensive (very high P/E) given recent profitability volatility. Earnings-call commentary is mixed, with credible product/AI and growth initiatives balanced against near-term margin and execution headwinds.

To see Spark’s full report on LI stock, click here.

**More about Li Auto**

Li Auto Inc., based in Beijing, is a Chinese new energy vehicle maker focused on smart electric and extended-range hybrid vehicles for the domestic market. The company is listed in the U.S. and Hong Kong and has adopted a dual-class share structure with weighted voting right (WVR) ordinary shares to support founder control while accessing global capital markets.

**Average Trading Volume:** 3,290,881

**Technical Sentiment Signal:** Sell

**Current Market Cap:** $18.21B

Learn more about LI stock on TipRanks’ Stock Analysis page.

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