Li Auto shares gained over 4% in pre-market trading on May 12, 2026. Investor optimism is rising ahead of the company's L9 Livis model launch.
The new model cycle and ongoing share buybacks are boosting market sentiment. This shift follows a period of weak long-term returns for shareholders.
Li Auto is currently transitioning its lineup from extended-range electric vehicles (EREVs) to pure battery electric vehicles (BEVs). The company faces intense competition in the Chinese EV market and high research and development costs.
Analysts remain divided on the company's valuation. Some view the stock as undervalued based on growth, while others cite stretched current earnings.