- Li Auto reported repurchasing 490,050 Class A WVR ordinary shares on August 7, 2026, under a mandate approved on May 29, 2026.
- The company had bought back a total of 67,142,416 shares by early August, representing 3.1334% of its authorized share base.
- The transactions complied with Hong Kong and U.S. regulations, reflecting an ongoing capital management strategy to support its share price.
- Li Auto is exploring the development of an in-house cloud inference chip using the same dataflow architecture as its assisted driving chip.
- The early-stage project aims to handle inference workloads like assisted driving model processing and large language model requests to reduce reliance on GPUs.
- Meanwhile, the company recently mass-produced its in-house Mach M100 assisted driving chip and registered a new technology company for potential independent semiconductor operations.
- Li Auto announced that cumulative deliveries of its Li L6 SUV have surpassed 400,000 units in less than 27 months.
- The surge in sales follows the July launch of the revamped new-generation Li L6, which delivered about 9,000 units in the first half of August.
- Priced at 249,800 yuan ($36,800), the updated model features upgraded computing power, a larger battery capacity, and a combined range of 1,250 kilometers.
- Xpeng launched the global debut and pre-sales of its G9L SUV, with prices starting at 259,800 yuan ($38,260).
- The 5-seat SUV is available in 6 variants spanning EREV and BEV powertrains, featuring an 800-volt fast-charging platform.
- The model aims to compete in the Chinese market against rivals such as Li Auto's Li L7 and the Huawei-backed Aito M7.
- Li Auto will report its unaudited second-quarter financial results on August 26, 2026, amid declining deliveries and profitability pressures.
- The company delivered 98,330 vehicles in the second quarter, marking an 11.47 percent year-on-year decrease and testing investor confidence following a 2.3 billion yuan net loss in the first quarter.
- To counter the sales slump and margin pressures, Li Auto is accelerating product refreshes, including recent launches and the upcoming September release of the Li i9 flagship SUV.
- Li Auto Inc. announced that it will report its unaudited financial results for the second quarter of 2026 on August 26, 2026.
- The company management will host an earnings conference call at 8:00 A.M. U.S. Eastern Time on the same day.
- A live and archived webcast alongside telephone replays will be available for investor access through September 2, 2026.
- Li Auto has launched a cheaper Rear-Drive Long Range version of the Li i8 starting at 309,800 yuan, 30,000 yuan below the all-wheel-drive variant.
- The new variant aims to revive weak sales after June deliveries of the electric SUV dropped to 779 units.
- The company also introduced limited-time incentives worth up to 35,750 yuan through August 31 to further boost demand.
- Chinese EV makers Nio, XPeng, and Li Auto reported mixed July delivery results alongside declining stock prices, while BYD experienced growth driven by its overseas business.
- Nio's deliveries rose 71% year-over-year to 35,934 vehicles but fell 11.5% month-over-month, XPeng grew 3.6% year-over-year to 38,027 units amid supply constraints, and Li Auto declined 0.9% year-over-year to 30,468 vehicles.
- BYD delivered 419,211 NEVs in July, up nearly 22% year-over-year and 3.9% month-over-month, bolstered by a 124.3% surge in overseas passenger vehicle and pickup sales.
- Major automakers in China reported mixed delivery results in July 2026, with companies like Leapmotor and Zeekr setting new records while others experienced sequential declines.
- Leapmotor surpassed the 101,267 unit threshold for its first monthly total above 100,000, and Zeekr achieved a record 35,837 deliveries.
- Nio, Xpeng, Li Auto, and Huawei HIMA posted month-on-month drops due to factors such as supply constraints and seasonal slowdowns.
- Xiaomi EV announced that its July deliveries exceeded 30,000 units for the fourth consecutive month, though no specific figure was provided.
- The company completed about 34 % of its 550,000-unit annual target in the first half after delivering 185,055 vehicles.
- Xiaomi EV unveiled its new Sky Nomad extended-range SUV series, with official sales scheduled for September to boost future growth.
- Xiaomi founder Lei Jun defended the company's entry into extended-range electric vehicles by citing robust market demand for Li Auto's Li L6.
- Lei stated that the EREV market is far from saturated and that large SUVs require EREV systems due to physical weight and aerodynamic constraints.
- Xiaomi is expanding its lineup with the Sky Nomad series featuring EREV technology, despite recent industry data showing a year-on-year decline in China's EREV retail sales.