Electric vehiclesContinued cutthroat price war in China drags margin into single digitsLi Auto's L9 Livis is displayed at the company's booth at the Beijing auto show on April 26. © ReutersKENJI KAWASEMay 29, 2026 16:28 JSTTOKYO -- Li Auto, a Chinese electric vehicle manufacturer that raced to profitability, reported a $340 million net loss for the first quarter, sending its shares falling and highlighting growing pressure to export its way out of a cutthroat domestic price war.