Li Auto Reports Q2 Net Loss as China Demand Softens
Li Auto posted a net loss of 1.70 billion yuan for the quarter ended 30 June 2026, down from net loss of 2.27 billion yuan in Q1. Revenue fell 15.1% year on year to 25.66 billion yuan, while operating loss was 2.3 billion yuan and gross margin dropped to 11%. The company expects Q3 deliveries of 95,000 to 100,000 vehicles and revenue of 26.6 to 28 billion yuan.