Li Auto has initiated a stock buyback program to repurchase up to $1 billion worth of shares.

LightningPacketLoss · 2026-03-27T06:27:37+00:00

Li Auto conducted a stock buyback from March 24 to 25, with plans to repurchase up to $1 billion in equity by 2027. The buyback will be carried out in batches based on market conditions and must comply with the relevant rules of the Hong Kong stock market to protect shareholders' interests.

LightningPacketLoss

2026-03-27 06:27:37

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By China Business News reporter | Sun Lei China Business News editor | Yu Tingting

On March 26, China Business News reporters learned that Li Auto has conducted share buybacks on March 24 and 25.

Earlier, on March 24, Li Auto announced that its board of directors had approved a share repurchase program. Under the program, the company is authorized to repurchase up to $1 billion worth of Class A common stock and/or American depositary shares between the date of approval and March 31, 2027.

For the ongoing share repurchase, the reporter learned from an insider that the repurchase authorization amount previously disclosed by Li Auto is the authorized size/limit. Repurchases are typically carried out in multiple batches in an orderly manner within the authorization period, taking into account market conditions and trading windows, rather than needing to be completed all at once on the first day.

The insider also said that Li Auto is listed in two places, so its execution arrangements need to be made according to the trading rules, liquidity, price range, and compliance requirements of the two markets. Especially in the Hong Kong stock market, buybacks are subject to clear rules regarding price, trading volume, and time windows (for example, the price may not exceed the recent average price by more than a certain percentage, and the repurchase volume is affected by market trading, etc.). Therefore, there is naturally an upper limit on the amount that can be executed in a single day, and the company must strictly comply with the rules.

“As a general rule, the pace of buyback execution will also take into account market impact and transaction costs, with the goal of better safeguarding shareholders’ interests. A more objective way to observe this is to look at the subsequent continuing disclosures and track cumulative buyback progress over a period of time, rather than focusing only on the amount on a single day.” The insider added.

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