The 2026 list of China's top 500 private enterprises has been released, with JD.com, Alibaba, and Hengli taking the top three spots. On September 22, the All-China Federation of Industry and Commerce unveiled the "2026 China Top 500 Private Enterprises" ranking in Tianjin.

Compared to the 2025 edition, Li Auto dropped 30 positions in the ranking, with both its total revenue and share of the overall list revenue seeing a decline.

In terms of ranking, Li Auto secured the 92nd spot on the 2026 list, a sharp contrast to its 62nd place finish on the 2025 list.

Looking at revenue figures, the 2026 list is based on company earnings from 2025, where Li Auto reported 112.313 billion yuan in revenue, down 22.25% year-over-year. In comparison, the 2025 list, which used 2024 revenue as the benchmark, showed the company generating 144.460 billion yuan.

Regarding revenue share, the total revenue of the 2026 China Top 500 Private Enterprises reached 44.93 trillion yuan, with Li Auto accounting for approximately 0.25% of the total. On the other hand, the 2025 list showed combined revenue of 43.05 trillion yuan, where Li Auto held a roughly 0.34% share.