Li Auto Tweaks Dual-Class Share Structure With April 24 Conversion

Li Auto ( (LI) ) has provided an announcement.

On April 24, 2026, Li Auto converted 711,481 Class B WVR ordinary shares into Class A WVR ordinary shares, slightly increasing its Hong Kong–listed Class A share count while reducing the unlisted Class B pool. Following the change, disclosed in a Next Day Disclosure Return filed with the Hong Kong exchange and reported to the U.S. SEC on April 27, 2026, total issued shares rose marginally in Class A and fell correspondingly in Class B, signalling an incremental shift in the company’s dual-class capital structure without buybacks or redemptions and with limited immediate impact on overall shareholder dilution.

The most recent analyst rating on (LI) stock is a Buy with a $22.00 price target. To see the full list of analyst forecasts on Li Auto stock, see the LI Stock Forecast page.

Spark’s Take on LI Stock

According to Spark, TipRanks’ AI Analyst, LI is a Neutral.

The score is held back primarily by weakening 2025 operating results and a meaningful deterioration in cash generation, partially offset by a solid balance sheet. Technicals are moderately supportive in the short-to-medium term, but valuation is expensive (very high P/E) given recent profitability volatility. Earnings-call commentary is mixed, with credible product/AI and growth initiatives balanced against near-term margin and execution headwinds.

To see Spark’s full report on LI stock, click here.

More about Li Auto

Li Auto Inc., based in Beijing, is a Chinese new energy vehicle maker focused on smart electric and extended-range hybrid vehicles for the domestic market. The company is listed in the U.S. and Hong Kong and has adopted a dual-class share structure with weighted voting right (WVR) ordinary shares to support founder control while accessing global capital markets.

Average Trading Volume: 3,290,881

Technical Sentiment Signal: Sell

Current Market Cap: $18.21B

Learn more about LI stock on TipRanks’ Stock Analysis page.