The buyback is ongoing but at a modest pace (~$6M/day). No earnings or operational update was provided. Monitor for any change in buyback velocity or a shift to share cancellation, which would signal stronger capital return conviction. The next earnings release (likely August 2026) will be the key catalyst.
Price Chart
Executive Summary
Li Auto Inc. filed a Form 6-K with five Next Day Disclosure Returns (FF305 forms) covering daily share repurchases on the Nasdaq from July 17 to July 23, 2026. The company repurchased a total of 5,008,390 shares at an aggregate cost of approximately $31,041,058.06, with all shares held as treasury shares. This is a routine disclosure of ongoing buyback activity under a pre-existing repurchase mandate, with no material financial or operational news.
Key Facts
- Li Auto repurchased 1,122,072 shares on July 17 at a VWAP of $6.2703, total cost $7,035,728.06.
- Li Auto repurchased 1,230,934 shares on July 20 at a VWAP of $6.2401, total cost $7,681,089.71.
- Li Auto repurchased 1,002,328 shares on July 21 at a VWAP of $6.1759, total cost $6,190,227.38.
- Li Auto repurchased 1,014,924 shares on July 22 at a VWAP of $6.1173, total cost $6,208,543.84.
- Li Auto repurchased 638,132 shares on July 23 at a VWAP of $6.1515, total cost $3,925,469.
- Total repurchases over the five trading days: 5,008,390 shares for ~$31,041,058.06.
- All repurchased shares were held as treasury shares; none were cancelled.
- As of July 23, 2026, cumulative repurchases under the mandate were 61,453,676 shares, representing 2.8679% of issued shares (excluding treasury) at the date of the resolution.
- The repurchase mandate was granted on May 29, 2026, authorizing up to 214,280,424 shares.
- A 30-day moratorium on new share issuance or treasury share sales applies after each repurchase date.
Financial Impact
Total repurchase of ~$31M over five days, representing ~0.24% of market cap ($12.9B). Modest capital return activity.
Risk Factors
- Buyback pace may slow or stop without notice.
- No cancellation of repurchased shares limits EPS accretion.
- Chinese EV sector headwinds (demand, competition, regulatory) remain the primary risk factors.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 9 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001104659-26-086768 |
| Document: tm2621362d1_ex99-4.htm | 0001104659-26-086768 |
| Document: tm2621362d1_ex99-3.htm | 0001104659-26-086768 |
| Document: tm2621362d1_ex99-2.htm | 0001104659-26-086768 |
| Document: tm2621362d1_ex99-5.htm | 0001104659-26-086768 |
| Document: tm2621362d1_6k.htm | 0001104659-26-086768 |
| Document: 0001104659-26-086768-index-headers.html | 0001104659-26-086768 |
| Document: 0001104659-26-086768-index.html | 0001104659-26-086768 |
| Document: 0001104659-26-086768.txt | 0001104659-26-086768 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | 6-K | $12.17 $11.52 | ▼ −5.34% | ▼ −5.45% | $10.69 (−12.16%) |
Sep 8, 2026 24d ago | 6-K | $12.46 $11.76 | ▼ −5.62% | ▼ −4.50% | $10.69 (−14.21%) |
Sep 1, 2026 4w ago | 6-K | $11.90 $11.91 | ▲ +0.08% | ▲ +0.00% | $10.69 (−10.17%) |
Aug 26, 2026 5w ago | 6-K | $12.14 $12.01 | ▲ +1.07% | ▲ +0.95% | $10.69 (+11.94%) |
Aug 26, 2026 5w ago | Press Release | $12.14 $12.01 | ▲ +1.07% | ▲ +0.95% | $10.69 (+11.94%) |
Aug 24, 2026 5w ago | 6-K | $12.48 $12.10 | ▼ −3.04% | ▼ −3.51% | $10.69 (−14.34%) |
Aug 17, 2026 6w ago | 6-K | $12.41 $12.48 | ▲ +0.56% | ▲ +1.75% | $10.69 (−13.86%) |
Aug 11, 2026 7w ago | 6-K | $12.47 $12.71 | ▲ +1.92% | ▲ +2.37% | $10.69 (−14.27%) |
Aug 11, 2026 7w ago | Press Release | $12.68 $12.12 | ▼ −4.42% | ▼ −4.01% | $10.69 (−15.69%) |
Aug 10, 2026 7w ago | 6-K | $12.84 $12.41 | ▼ −3.35% | ▼ −3.30% | $10.69 (−16.74%) |
US Market Status
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