Shares of Chinese electric-vehicle maker Li Auto Inc. (LI) are down more than 4% Monday morning despite reporting narrower adjusted loss in the second quarter.
Adjusted loss was $10.1 million or 65.1 million in the second quarter compared with RMB159.2 million last year. Adjusted loss per ADS was $0.01 or RMB0.07.
Net loss in the second quarter was $36.5 million or RMB235.5 million compared with net loss of RMB75.2 million in the same quarter a year ago. Loss per ADS was $0.04 or RMB0.26 in the quarter.
Revenues were $780.4 million or RMB5.039 billion in the second quarter an increase of 158.8% from RMB1.947 billion in the first quarter of 2021.
Looking forward, the company expects third-quarter revenues to be between $1.08 billion and $1.12 billion, an increase of 177.8% to 188.9% from last year's third quarter.
LI, currently at$28.15, has traded in the range of $15.02- $47.70 in the past 52 weeks.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.