Li Auto (NasdaqGS:LI) has just rolled out the 2026 Li i6, a five seat SUV in China priced at RMB 249,800. Deliveries are scheduled to start within days, putting fresh attention on the stock.
That launch lands at a tricky time for Li Auto shareholders. The share price closed at US$11.03 and has fallen 19% over the past 90 days and 36% year to date. This has contributed to a 47.1% decline in the 1 year total shareholder return and a 69.7% drop over three years. Any renewed interest around the Li i6 will be read as a test of whether sentiment toward the business is starting to recover or remains under pressure.
Scan how Li Auto compares with other electric vehicle players by running your own checklist against the hand picked list of solid balance sheet and fundamentals (25 results) in the same space.
Bulls see Li Auto as a discounted way into China’s premium EV market after a rough share price stretch. Bears point to recent losses and execution risk. Which side does the current valuation favor?
Most Popular Narrative: 27% Undervalued
Against the last close at $11.03, the most followed narrative on Li Auto points to a fair value of about $15.16. This frames current pricing as a sizable discount that hinges on execution in batteries, chips and global rollout.
The narrative view that Li Auto is undervalued implies the share price does not fully reflect its in-house AI chips, 5C battery push, and early global manufacturing and sales footprint.
The main thing that has to go right is that heavy AI and battery R&D spending, along with the store partner model and overseas rollout, turns current revenue volatility and lower vehicle margins into a more efficient and scalable business.
See why 79 investors see Li Auto as 27% undervalued.
Result: Fair Value of $15.16 (UNDERVALUED)
Still, that 2026 capex guide of about RMB 6.0b and 2025 R&D bill of RMB 11.3b could bite if Li Auto’s revenue and vehicle margins lag.
Find out about the key risks to this Li Auto narrative.
Next Steps
Do these mixed signals around Li Auto leave you curious or cautious about what comes next? Act quickly and review the underlying data for yourself, starting with the 2 key rewards.
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