Li Auto Margins Rebound Sequentially While Year-Over-Year Losses Deepen
Li Auto said its Q2 2026 profit deteriorated year over year as lower vehicle sales and a shifting product mix compressed margins. Deliveries rose from 95,142 in Q1, suggesting stabilizing demand, but gross profit fell 53.3% to about $418 million and gross margin dropped to 11%. The company posted an operating loss of roughly $339.1 million.