Press Releases April 30, 2026 06:00 AM

Li Auto Inc. Announces Completion of the Put Right Offer for Its 0.25% Convertible Senior Notes due 2028

Li Auto completes put right offer repurchasing majority of 0.25% Convertible Senior Notes due 2028

By Nina Shah LI
Li Auto Inc. Announces Completion of the Put Right Offer for Its 0.25% Convertible Senior Notes due 2028
LI

Li Auto Inc., a leading Chinese new energy vehicle manufacturer, announced the completion of its put right offer to repurchase $716.8 million aggregate principal amount of its 0.25% Convertible Senior Notes due 2028. After the repurchase, approximately $145.7 million of the notes remain outstanding. The company has fulfilled cash payments to note holders who exercised the put rights.

Key Points

  • Li Auto repurchased approximately 83% of its convertible senior notes due 2028, reducing outstanding debt.
  • The transaction demonstrates proactive balance sheet management and liquidity provision.
  • Li Auto continues to focus on innovation and expansion in China's new energy vehicle market, including extended-range and battery electric vehicles.

BEIJING, China, April 30, 2026 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that it has completed its previously announced put right offer relating to its 0.25% Convertible Senior Notes due 2028 (CUSIP No. 50202M AB8) (the “Notes”). The put right offer expired at 5:00 p.m., New York City time, on Wednesday, April 29, 2026.

Based on the information from Deutsche Bank Trust Company Americas as paying agent for the Notes, US$716,800,000 aggregate principal amount of the Notes (the “Repurchase Price”) were validly surrendered and not withdrawn prior to the expiration of the put right offer. The Company has forwarded cash in payment of the Repurchase Price to the paying agent for distribution to the holders that had validly exercised their put right. Following settlement of the repurchase, US$145,700,000 aggregate principal amount of the Notes will remain outstanding and continue to be subject to the existing terms of the Indenture and the Notes.

Materials filed with the SEC will be available electronically without charge at the SEC’s website, https://www.sec.gov. Documents filed with the SEC may also be obtained without charge at the Company’s website, https://ir.lixiang.com.

About Li Auto Inc.

Li Auto Inc. is a leader in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles. Its mission is: Be Proactive, Change the World (主动积极,改变世界). Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and comfortable products and services. Li Auto is a pioneer in successfully commercializing extended-range electric vehicles in China. While firmly advancing along this technological route, it builds platforms for battery electric vehicles in parallel. The Company leverages technology to create value for users. It concentrates its in-house development efforts on proprietary range extension systems, innovative electric vehicle technologies, and smart vehicle solutions. The Company started volume production in November 2019. Its current model lineup includes a high-tech flagship family MPV, four Li L series extended-range electric SUVs, and two Li i series battery electric SUVs. The Company will continue to expand its product lineup to target a broader user base.

For more information, please visit: https://ir.lixiang.com.

For investor and media inquiries, please contact:

Li Auto Inc.
Investor Relations
Email: [email protected]

Christensen Advisory
Roger Hu
Tel: +86-10-5900-1548
Email: [email protected]


Risks

  • Remaining $145.7 million convertible notes continue to carry potential convertible dilution or refinancing risk.
  • Market conditions or changes in credit markets may affect future debt refinancing or cost of capital.
  • Growth and competitive pressures in the new energy vehicle sector in China may impact company performance.

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