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Li Auto Q2 Margins Plunge to 9.4% Amid Escalating China EV Price War

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The Story

News Summary

  • Li Auto reported Q2 2026 revenue of RMB 25.7 billion, down 15.1% year-over-year, alongside a net loss of RMB 1.7 billion.
  • Vehicle margins compressed to 9.4% due to intense market competition, while the automaker ramped up in-house ADAS chip and battery technology.
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