Li Auto Inc. authorized a share repurchase program of up to $1.0 billion. The program remains active through March 31, 2027. The company will fund the repurchases using its existing cash balance.
Li Auto’s American depositary shares (ADS) rose nearly 5% in pre-market trading following the announcement. Retail investor sentiment on platforms like Stocktwits trended bullish.
Chairman and CEO Xiang Li stated the program reflects confidence in the company's future value creation. The company may execute repurchases through open market transactions or other legally permissible methods.