Li Auto reported 2026 Q1 results: revenue 23.0 bln yuan; deliveries 95,142
vehicles, up 2.5% YoY. The company said it absorbed more than 500 mln yuan in
purchase-tax differential for i6 customers whose orders crossed the year
boundary. Cash reserves were 94.3 bln yuan at quarter-end, the tenth consecutive
quarter at roughly the 100 bln yuan level. Li Auto launched a $1.0 bln share
buyback in March and had repurchased $139.7 mln, about 14% of the programme, as
of May 26.
