k//@JC888:Share buyback are for established old "birds" companies. Li Auto (barely 5 yrs old) is a newbie and needs the fund to propel into nxt phase of production.It has a sensible plan that is produced to maximum capacity and then introduce a new model. Distance is not an issue with Li Auto EV, it has fossil fuel as contingency. Nothing wrong with this fail proof approach. Its these idiot writers claimed to be experts that are out to ruin a promising EV brand. I say go back to your Esther William Lane and stay there you bogus, ignorant "fools". Only the feeble and ill informed will believe yr lies....Song - Lies, Lies, Lies by the Thompson Twins. Dunno? YouTube it..