Li Auto (LI) Q1 FY26 earnings call

Li Auto navigated a challenging Q1 FY26 marked by product mix shifts and seasonal factors, impacting revenues and margins. However, the company demonstrated strong product momentum with the successful launch of the all-new Li L9, securing significant orders and deploying its proprietary AI chip and model. Management remains focused on completing its model refresh cycle, optimizing production ramp-up, and expanding its international footprint while targeting a full-year sales growth of 20%.