Li Auto Board Approves $1 Billion Share Repurchase Program Through 2027

Li Auto Inc. announced that its board of directors has authorized a new share repurchase program of up to $1.0 billion. The program is set to run from the approval date through March 31, 2027, covering both Class A ordinary shares and American depositary shares (ADS). According to the company, this initiative is designed to enhance shareholder value and demonstrate management's confidence in its long-term strategic roadmap. The buyback signals a belief that the company's current market valuation provides an attractive opportunity to reinvest in its own growth. This move follows a broader trend among major Chinese electric vehicle manufacturers looking to stabilize stock performance amid global market volatility. Execution of the repurchase program will be funded through the company's existing cash reserves, highlighting its solid financial position.

Sources:globenewswire.comaastocks.comstocktitan.nethkexnews.hkhk.warrants.comfederalreserve.govcitivelocity.com247wallst.comnasdaq.comstocktwits.combenzinga.comtipranks.com