Li Auto founder and CEO Li Xiang is considering a buyback of the company’s Hong Kong-listed shares as prices trade near record lows. This potential move would mark the first executive share repurchase since the automaker's 2021 Hong Kong listing. A company representative confirmed that officials are currently discussing the specific size and scale of the plan.
The proposal follows a challenging period where Li Auto reported a 19% year-on-year decline in 2025 annual deliveries. The company failed to meet its original delivery targets for the year. Intense market competition and weak sales figures have placed sustained downward pressure on the stock price.
Internal management turmoil has further impacted the company, including the recent departure of several key executives. These buyback discussions surface ahead of Li Auto’s fourth-quarter and full-year 2025 earnings release. The company is scheduled to report those financial results on March 12, 2026.