Li Auto Delivers 26,421 Vehicles in February 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 01 2026
0mins
Should l Buy LI?
Source: NASDAQ.COM
- Delivery Growth: Li Auto delivered 26,421 vehicles in February 2026, bringing its cumulative deliveries to 1.59 million as of February 28, indicating the company's sustained growth potential in the electric vehicle market.
- Charging Sessions Surge: From February 14 to 23, 2026, the company powered over 1.45 million charging sessions with a total charging volume exceeding 42 million kWh, reflecting a significant increase in the utilization of its charging infrastructure and enhancing user experience.
- Retail Network Expansion: As of February 28, 2026, Li Auto had 539 retail stores and 548 service centers across 160 cities, along with authorized service outlets in 223 cities, demonstrating its extensive market presence and service capabilities.
- Supercharging Station Deployment: The company operates 4,054 supercharging stations in China, equipped with 22,447 charging stalls, further solidifying its leading position in the electric vehicle charging network and providing robust support for future business growth.
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Analyst Views on LI
Wall Street analysts forecast LI stock price to rise
12 Analyst Rating
2 Buy
9 Hold
1 Sell
Hold
Current: 17.970
Low
15.00
Averages
20.51
High
32.00
Current: 17.970
Low
15.00
Averages
20.51
High
32.00
About LI
Li Auto Inc is a holding company primarily engaged in the design, development, manufacturing, and sales of smart electric vehicles. The Company’s main products include the Li L9, Li L8, Li L7, Li L6, and Li MEGA, encompassing six-seat sport utility vehicles (SUVs), five-seat SUVs, and multi-purpose vehicles (MPVs). The Company is also engaged in research and development activities relating to intelligent vehicle technologies, the design, development and manufacturing of various components and systems for new energy vehicles, and the provision of value-added services such as charging, vehicle maintenance and repair. The Company mainly conducts its businesses within domestic market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- EREV Replacement Plan: The company plans to replace the current all-electric F-150 Lightning with an extended-range electric vehicle (EREV), a move that may be seen as a costly detour on the path to mainstream EV adoption, potentially undermining investor confidence.
- Cost-Benefit Analysis: According to McKinsey, the EREV design can reduce powertrain production costs by about $6,000 compared to full EVs, offering a lighter and lower-cost alternative, although it also increases maintenance complexity risks.
- Future Outlook: Ford's next-generation Universal EV Platform is expected to debut in 2027, and while the current EREV option provides a short-term solution for the F-150 Lightning, the company urgently needs to achieve scale and cost reductions to compete effectively in the EV market.
See More
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- Market Potential of EREVs: While EREVs are gaining traction in North America and Europe, particularly influenced by domestic brands like Li Auto in China, Ford's shift may provide a lower-cost alternative, especially with significant improvements in battery costs and range.
- Cost-Benefit Analysis: According to McKinsey, the smaller batteries in EREVs can save about $6,000 in powertrain production costs, offering Ford greater flexibility in electric vehicle platform design, although it also faces challenges related to maintenance complexity and short-term benefits.
- Future Outlook: Ford is not planning to completely replace its small full EV lineup with EREVs but aims to leverage EREVs to revitalize the F-150 Lightning until the launch of its Universal EV Platform in 2027, addressing current market challenges and reducing costs.
See More
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- R2 Model Launch: Rivian announced that deliveries of the R2 electric SUV will begin in spring 2026, with the Performance Launch Package starting at $57,990, designed to deliver signature capabilities at a lower price point, featuring up to 656 horsepower, a 0-60 mph acceleration time of 3.6 seconds, and an estimated range of 345 miles.
- Multiple Trims for Broader Market: The R2 lineup will include three main trims, with the Performance version featuring dual-motor AWD producing 656 horsepower and an EPA-estimated range of 330 miles, while the Premium trim starts at $53,990, and the Standard trim is expected in 2027 starting at $48,490, targeting a wider consumer base.
- Technology and Charging Updates: The R2 includes a native NACS charge port for access to Tesla's Supercharger network, featuring the latest software-defined architecture with 11 HDR cameras and an AI-enabled computing platform, enhancing driver assistance features and overall user experience.
See More
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- Revenue and Delivery Decline: Li Auto's Q4 2025 revenue fell 35% year-over-year to 28.8 billion yuan ($4.11 billion), missing the analyst consensus of 42.8 billion yuan, reflecting dual pressures from reduced deliveries and weak market demand.
- Margin Compression: Due to recall costs, vehicle gross margin contracted from 19.7% to 16.8%, with an adjusted operating loss of 188.4 million yuan ($26.9 million) contrasting sharply with a profit of 4.2 billion yuan in the prior year, indicating a significant deterioration in profitability.
- Cash Flow Situation: The company reported free cash flow of 2.5 billion yuan ($352.9 million) in Q4, a substantial drop from 6.1 billion yuan a year earlier, and a negative 8.9 billion yuan in Q3, highlighting challenges in cash management and operational efficiency.
- Future Outlook: Li Auto expects Q1 2026 revenue between 20.4 billion and 21.6 billion yuan, representing a year-over-year decline of 21.3% to 16.7%, with vehicle deliveries projected at 85,000 to 90,000 units, indicating a challenging market environment in the coming months.
See More
Li Auto Reports Mixed Earnings Results: Reasons Behind the Stock Decline.
- Stock Performance: Li Auto's stock experienced a decline in premarket trading on Thursday.
- Quarterly Results: The drop followed the release of mixed results for the company's fourth quarter.
See More
Li Auto Q4 2025 Earnings Report Analysis
- Earnings Highlights: Li Auto reported a Q4 2025 Non-GAAP EPS of $0.04, beating expectations by $0.01, although revenue of $4.1 billion fell 35% year-over-year, missing estimates by $110 million, indicating profitability amidst market challenges.
- Sales and Deliveries: Vehicle sales reached RMB 27.3 billion ($3.9 billion) with total deliveries of 109,194 units, representing a 31.2% year-over-year decline, reflecting increased market competition and weakened demand pressures.
- Cash Flow Status: The company generated RMB 3.5 billion ($503.5 million) in net cash from operating activities and RMB 2.5 billion ($352.9 million) in free cash flow in Q4, indicating a degree of stability in cash management despite overall revenue decline.
- Future Outlook: For Q1 2026, Li Auto expects deliveries between 85,000 and 90,000 vehicles, a year-over-year decrease of 8.5% to 3.1%, with total revenues projected between RMB 20.4 billion ($2.9 billion) and RMB 21.6 billion ($3.1 billion), reflecting a cautious stance on future market conditions.
See More
