Li Auto Inc. (LI), a Chinese electric vehicle manufacturer, on Tuesday, approved a share repurchase program of up to $1 billion.
The program allows the company to repurchase its Class A ordinary shares and/or American depositary shares through March 31, 2027.
The repurchase is reflecting confidence in its strategic roadmap and future value creation.
The existing shareholder-approved mandate allows the company to conduct share repurchases under the program until the next annual general meeting.
The company said the repurchases may be executed from time to time through open market transactions, block trades, or other legally permissible means, depending on market conditions.
In the pre-market trading, Li Auto is 4.26% higher at $17.86 on the Nasdaq.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.