06:45 AM EDT, 03/27/2026 (MT Newswires) -- Li Auto ( LI ) said Friday it notified holders of its 0.25% convertible senior notes due 2028 of their right to require the company to repurchase the notes for cash on May 1.

The repurchase price will equal 100% of the principal amount plus accrued interest, in line with terms under the indenture governing the notes, the company said.

The put right applies to notes in minimum denominations of $1,000, with about $862.5 million in aggregate principal outstanding as of March 26, the company said. If all holders exercise the option, Li Auto ( LI ) would pay roughly the same amount in cash, it added.

Holders have until April 29, 2026 to exercise the repurchase right, the company said.