Li Auto Delivers 34,085 Vehicles in April
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 01 2026
0mins
Should l Buy LI?
Li Auto announced that it delivered 34,085 vehicles in April. As of April 30, Li Auto's cumulative deliveries reached 1,669,442. In April, the all-new Li L9 Livis debuted at the 2026 Beijing International Automotive Exhibition, with its official launch scheduled for May 15. As of April 30, the company had 511 retail stores in 160 cities, 550 servicing centers and Li Auto-authorized servicing shops operating in 223 cities. The company also had 4,077 super charging stations in operation equipped with 22,509 charging stalls in China.
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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: 18.000
Low
15.00
Averages
20.51
High
32.00
Current: 18.000
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.
BYD's April Sales Decline Continues Amidst Competition
- Sales Decline Continues: BYD delivered 314,100 new energy vehicles in April, reflecting a 15.7% year-over-year decline despite a 6.2% month-over-month increase, indicating pressure on market share amid intensifying domestic competition.
- Record Export Figures: The company achieved an all-time high of 135,098 units in exports for April, representing over a 70% increase compared to the previous year, underscoring its growing reliance on overseas markets as domestic competition intensifies.
- Significant Profit Drop: BYD reported a nearly 55.4% year-over-year decline in profits for the first quarter, with operating revenue falling 11.8% to 150 billion yuan ($22 billion), highlighting the profitability challenges faced in a competitive landscape.
- International Market Expansion: With plans to export over one million units in 2026, BYD accounted for 70% of EV sales in Mexico and 75% in Argentina in 2025, showcasing its strong growth potential in international markets.
See More
BYD Reports April EV Deliveries Decline Amid Competition
- Declining Deliveries: BYD delivered 314,100 new energy passenger vehicles in April, marking a 15.7% year-on-year decline, indicating increased domestic competition pressure, although there was a 6.2% month-on-month increase, reflecting ongoing market share challenges.
- Export Highlights: BYD's exports reached a record 135,098 units, up over 70% year-on-year, underscoring the company's growing reliance on overseas markets, particularly with 70% and 75% market shares in Mexico and Argentina, respectively.
- Profit Drop: The company reported a nearly 55.4% year-on-year decline in profits for Q1, with operating revenue falling 11.8% to 150 billion yuan ($22 billion), highlighting profitability pressures amid strong performances from domestic rivals.
- Overseas Expansion Plans: BYD aims to export over one million units by 2026, with new registrations in Europe rising over 155% year-on-year, while also seeking admission to the European Automobile Manufacturers Association to enhance its market influence, indicating a proactive global strategy.
See More
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- Delivery Performance: Li Auto led April deliveries with 34,085 vehicles, despite a 17% year-over-year decline, showcasing its strong market position.
- Nio's Growth: Nio delivered 29,356 vehicles in April, marking a 22.8% year-over-year increase, the highest among the three, indicating the success of its brand diversification strategy.
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- Market Reaction: While Nio's stock rose 6% in April, overall market sentiment remained bearish, reflecting investor concerns about the softness in China's auto market.
See More
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- Stable Deliveries: Li Auto delivered 34,085 vehicles in April 2026, reflecting a slight year-over-year increase of 0.4% but a sequential decline of 16.9% from March's 41,053 units, indicating short-term market fluctuations while maintaining a cumulative total of 1.67 million units.
- New Model Launch: The all-new Li L9 Livis debuted at the 2026 Beijing International Automotive Exhibition, with an official launch set for May 15, expected to showcase significant advancements in range extension, safety, and intelligent driving systems, potentially attracting more consumer interest.
- Retail Network Expansion: As of April 30, 2026, Li Auto operates 511 retail stores across 160 cities in China, along with 550 service centers and 4,077 supercharging stations featuring 22,509 stalls, demonstrating its ongoing investment in infrastructure development.
- Market Outlook Analysis: Despite the decline in April deliveries, Li Auto's product pipeline is gradually building, and with the upcoming new model launch, there is potential for sales recovery in the coming months, enhancing its competitive position in the market.
See More
Intensifying AI Feature Competition in China's EV Market
- AI Feature Adoption: Over 50 car brands have integrated ByteDance's Doubao AI model, which is now present in 145 car models and over 7 million vehicles, indicating widespread adoption of AI technology in China's EV market, although companies must rapidly adapt to consumer demand for smart features amid fierce competition.
- Ongoing Price War: Despite the rapid rollout of new features, automakers face persistent sales pressure, with industry experts noting that the price war is unlikely to cease in the near term, compelling companies to continuously compete on technology updates and user experience to maintain market share.
- Speed of Tech Updates: Automakers can quickly deploy tech updates via over-the-air methods, as noted by the CEO of the Audi and SAIC Cooperation Project, highlighting the flexibility to respond to market changes, even as technology becomes increasingly homogeneous, necessitating differentiated competitive strategies.
- Nio's Market Performance: Nio claims its ES8 model has delivered 100,000 units in just 215 days within the 400,000 yuan and above segment, showcasing its ability to attract consumers despite cost pressures and slower market growth, while offering unique customer experiences and premium interior materials.
See More
Li Auto Delivers 34,085 Vehicles in April 2026
- Delivery Growth: Li Auto delivered 34,085 vehicles in April 2026, bringing its cumulative deliveries to 1,669,442, demonstrating strong growth momentum in China's new energy vehicle market and reinforcing its market leadership.
- New Model Launch: The all-new Li L9 Livis debuted at the 2026 Beijing International Automotive Exhibition, with an official launch scheduled for May 15, showcasing advancements in design and technology that could attract increased consumer interest.
- Retail Network Expansion: As of April 30, 2026, Li Auto operated 511 retail stores and 550 service centers across 160 cities, enhancing its service capabilities and market penetration across 223 cities, which is crucial for sustaining growth.
- Charging Infrastructure Development: With 4,077 supercharging stations and 22,509 charging stalls in operation across China, Li Auto is significantly improving charging convenience for users, laying a solid foundation for the future adoption of electric vehicles and enhancing its competitive edge.
See More
BYD's April Sales Decline Continues Amidst Competition
- Sales Decline Continues: BYD delivered 314,100 new energy vehicles in April, reflecting a 15.7% year-over-year decline despite a 6.2% month-over-month increase, indicating pressure on market share amid intensifying domestic competition.
- Record Export Figures: The company achieved an all-time high of 135,098 units in exports for April, representing over a 70% increase compared to the previous year, underscoring its growing reliance on overseas markets as domestic competition intensifies.
- Significant Profit Drop: BYD reported a nearly 55.4% year-over-year decline in profits for the first quarter, with operating revenue falling 11.8% to 150 billion yuan ($22 billion), highlighting the profitability challenges faced in a competitive landscape.
- International Market Expansion: With plans to export over one million units in 2026, BYD accounted for 70% of EV sales in Mexico and 75% in Argentina in 2025, showcasing its strong growth potential in international markets.
See More
BYD Reports April EV Deliveries Decline Amid Competition
- Declining Deliveries: BYD delivered 314,100 new energy passenger vehicles in April, marking a 15.7% year-on-year decline, indicating increased domestic competition pressure, although there was a 6.2% month-on-month increase, reflecting ongoing market share challenges.
- Export Highlights: BYD's exports reached a record 135,098 units, up over 70% year-on-year, underscoring the company's growing reliance on overseas markets, particularly with 70% and 75% market shares in Mexico and Argentina, respectively.
- Profit Drop: The company reported a nearly 55.4% year-on-year decline in profits for Q1, with operating revenue falling 11.8% to 150 billion yuan ($22 billion), highlighting profitability pressures amid strong performances from domestic rivals.
- Overseas Expansion Plans: BYD aims to export over one million units by 2026, with new registrations in Europe rising over 155% year-on-year, while also seeking admission to the European Automobile Manufacturers Association to enhance its market influence, indicating a proactive global strategy.
See More
Nio's ES8 Shines as Li Auto Leads Deliveries in April
- Delivery Performance: Li Auto led April deliveries with 34,085 vehicles, despite a 17% year-over-year decline, showcasing its strong market position.
- Nio's Growth: Nio delivered 29,356 vehicles in April, marking a 22.8% year-over-year increase, the highest among the three, indicating the success of its brand diversification strategy.
- Xpeng's Challenges: Xpeng delivered 31,011 vehicles in April, achieving a 13.1% month-over-month gain, yet faced an 11.51% year-over-year decline, highlighting its vulnerability under ongoing market pressures.
- Market Reaction: While Nio's stock rose 6% in April, overall market sentiment remained bearish, reflecting investor concerns about the softness in China's auto market.
See More
Li Auto's April Delivery Data Analysis
- Stable Deliveries: Li Auto delivered 34,085 vehicles in April 2026, reflecting a slight year-over-year increase of 0.4% but a sequential decline of 16.9% from March's 41,053 units, indicating short-term market fluctuations while maintaining a cumulative total of 1.67 million units.
- New Model Launch: The all-new Li L9 Livis debuted at the 2026 Beijing International Automotive Exhibition, with an official launch set for May 15, expected to showcase significant advancements in range extension, safety, and intelligent driving systems, potentially attracting more consumer interest.
- Retail Network Expansion: As of April 30, 2026, Li Auto operates 511 retail stores across 160 cities in China, along with 550 service centers and 4,077 supercharging stations featuring 22,509 stalls, demonstrating its ongoing investment in infrastructure development.
- Market Outlook Analysis: Despite the decline in April deliveries, Li Auto's product pipeline is gradually building, and with the upcoming new model launch, there is potential for sales recovery in the coming months, enhancing its competitive position in the market.
See More
Intensifying AI Feature Competition in China's EV Market
- AI Feature Adoption: Over 50 car brands have integrated ByteDance's Doubao AI model, which is now present in 145 car models and over 7 million vehicles, indicating widespread adoption of AI technology in China's EV market, although companies must rapidly adapt to consumer demand for smart features amid fierce competition.
- Ongoing Price War: Despite the rapid rollout of new features, automakers face persistent sales pressure, with industry experts noting that the price war is unlikely to cease in the near term, compelling companies to continuously compete on technology updates and user experience to maintain market share.
- Speed of Tech Updates: Automakers can quickly deploy tech updates via over-the-air methods, as noted by the CEO of the Audi and SAIC Cooperation Project, highlighting the flexibility to respond to market changes, even as technology becomes increasingly homogeneous, necessitating differentiated competitive strategies.
- Nio's Market Performance: Nio claims its ES8 model has delivered 100,000 units in just 215 days within the 400,000 yuan and above segment, showcasing its ability to attract consumers despite cost pressures and slower market growth, while offering unique customer experiences and premium interior materials.
See More
Li Auto Delivers 34,085 Vehicles in April 2026
- Delivery Growth: Li Auto delivered 34,085 vehicles in April 2026, bringing its cumulative deliveries to 1,669,442, demonstrating strong growth momentum in China's new energy vehicle market and reinforcing its market leadership.
- New Model Launch: The all-new Li L9 Livis debuted at the 2026 Beijing International Automotive Exhibition, with an official launch scheduled for May 15, showcasing advancements in design and technology that could attract increased consumer interest.
- Retail Network Expansion: As of April 30, 2026, Li Auto operated 511 retail stores and 550 service centers across 160 cities, enhancing its service capabilities and market penetration across 223 cities, which is crucial for sustaining growth.
- Charging Infrastructure Development: With 4,077 supercharging stations and 22,509 charging stalls in operation across China, Li Auto is significantly improving charging convenience for users, laying a solid foundation for the future adoption of electric vehicles and enhancing its competitive edge.
See More
