Li Auto Reports 18.4% Drop in May Deliveries
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 45 minutes ago
0mins
Source: seekingalpha
- Delivery Decline: Li Auto delivered 33,350 vehicles in May 2026, representing an 18.4% year-over-year decline from 40,856 vehicles, and slightly below April's 34,085 deliveries, indicating a weakening market demand.
- Cumulative Delivery Figures: As of May 31, 2026, Li Auto's cumulative deliveries reached 1,702,792 vehicles; however, since March, monthly deliveries of the Li i6 have consistently exceeded 20,000 units, suggesting that this model retains market appeal despite overall declines.
- New Model Launch: In May, Li Auto launched the all-new Li L9 and commenced deliveries, initiating a fresh product update cycle for the Li L series, and within just two weeks, it received over 10,000 orders, highlighting the new model's market potential.
- Market Outlook: Li Auto expects Q2 2026 deliveries to range between 95,000 and 100,000 vehicles, targeting over 20% market share in the RMB 500,000+ NEV SUV segment, reflecting the company's confidence in future growth prospects.
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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: 15.540
Low
15.00
Averages
20.51
High
32.00
Current: 15.540
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.
Li Auto Reports 18.4% Drop in May Deliveries
- Delivery Decline: Li Auto delivered 33,350 vehicles in May 2026, representing an 18.4% year-over-year decline from 40,856 vehicles, and slightly below April's 34,085 deliveries, indicating a weakening market demand.
- Cumulative Delivery Figures: As of May 31, 2026, Li Auto's cumulative deliveries reached 1,702,792 vehicles; however, since March, monthly deliveries of the Li i6 have consistently exceeded 20,000 units, suggesting that this model retains market appeal despite overall declines.
- New Model Launch: In May, Li Auto launched the all-new Li L9 and commenced deliveries, initiating a fresh product update cycle for the Li L series, and within just two weeks, it received over 10,000 orders, highlighting the new model's market potential.
- Market Outlook: Li Auto expects Q2 2026 deliveries to range between 95,000 and 100,000 vehicles, targeting over 20% market share in the RMB 500,000+ NEV SUV segment, reflecting the company's confidence in future growth prospects.
See More
Li Auto Delivers Over 33,000 Vehicles in May 2026
- Delivery Growth: In May 2026, Li Auto delivered 33,350 vehicles, bringing its cumulative deliveries to 1,702,792, demonstrating strong performance in China's new energy vehicle market and solidifying its leadership position.
- New Model Launch: The company launched the all-new Li L9 in May, receiving over 10,000 orders within two weeks, marking the beginning of a fresh product update cycle for the Li L series, which is expected to drive future sales growth.
- Technology Event Planned: Li Auto is set to host a dedicated technology event in June to showcase its capabilities in in-cabin interaction, assisted driving, and in-house chips, aiming to enhance brand image and attract more consumer interest.
- Charging Infrastructure Expansion: As of May 31, Li Auto operated 4,088 supercharging stations with 22,563 charging stalls in China, significantly improving charging convenience for users and enhancing the brand's competitive edge in the market.
See More
Boston Scientific Shares Hit 52-Week Low Amid Weak Growth Outlook
- Boston Scientific Stock Decline: Boston Scientific shares fell to a 52-week low of $48.13, experiencing a 16% weekly drop due to weak expectations for its Watchman heart device business, with management indicating that U.S. revenue may remain weak for the next two quarters, prompting analysts to lower price targets.
- Li Auto's Profitability Pressure: Li Auto reported weaker profits in its Q1 earnings, forecasting Q2 deliveries between 95,000 and 100,000 vehicles, reflecting soft demand and intense competition in China's EV market, leading Barclays to cut its price target from $18 to $14, implying nearly a 7% downside.
- Rollins Valuation Reset: Rollins reached a new low of $46.85 despite solid operating performance, as investors focused on valuation concerns, with Bernstein downgrading the stock and lowering its price target from $70 to $52, citing the potential negative impact of CFO Ken Krause's departure on profitability.
- Market Sentiment Shift: The stocks of Boston Scientific and Rollins have declined over 49% and 20% respectively this year, while Li Auto has shed over 11%, indicating a shift in investor confidence away from premium-priced growth stocks, with market sentiment changing from 'extremely bullish' to 'bullish'.
See More
Li Auto (LI) Q1 2026 Earnings Transcript
See More
Li Auto's Annual Shareholder Meeting Approves Resolutions
- Shareholder Meeting Resolutions: Li Auto held its annual shareholder meeting on May 29, 2026, in Beijing, where all proposed resolutions were adopted, marking a significant step in enhancing corporate governance and boosting shareholder confidence in the company's future.
- Amendment of Articles: The existing memorandum and articles of association were entirely replaced with the seventh amended version, which will improve operational flexibility and transparency, thereby attracting more investor interest.
- Board Re-election: Directors Donghui Ma, Tie Li, and Hongqiang Zhao were re-elected, ensuring continuity in strategic decision-making and enhancing management stability, which is crucial for the company's long-term vision.
- Share Issuance and Buyback Mandate: The board was granted a general mandate to issue and repurchase additional Class A ordinary shares, providing the company with flexibility for future capital operations and potentially increasing shareholder value while boosting market confidence.
See More
Li Auto Q1 2026 Earnings Call Insights
- Delivery Growth Trend: In Q1 2026, Li Auto's deliveries entered a growth trajectory, reclaiming the top sales position among Chinese brands in the new energy vehicle market priced above RMB 200,000 from January to April, indicating a recovery in market demand and enhanced brand competitiveness.
- Strong New Model Orders: The all-new Li L9 was launched on May 15 and began deliveries on May 17, securing over 10,000 orders within just two weeks at transaction prices exceeding RMB 500,000, reflecting robust demand in the high-end market and the brand's appeal.
- Declining Financial Performance: Total revenues for Q1 were RMB 23 billion, down 11.4% year-over-year and 20.1% quarter-over-quarter, with gross margin dropping to 7.9%, highlighting the negative impact of cost pressures and intensified market competition on profitability.
- Positive Future Outlook: The company expects deliveries in Q2 2026 to range between 95,000 and 100,000 vehicles, with gross margin anticipated to recover to about 10%, indicating management's ongoing confidence in new products and technologies aimed at achieving a full-year sales growth target of 20%.
See More
Li Auto Reports 18.4% Drop in May Deliveries
- Delivery Decline: Li Auto delivered 33,350 vehicles in May 2026, representing an 18.4% year-over-year decline from 40,856 vehicles, and slightly below April's 34,085 deliveries, indicating a weakening market demand.
- Cumulative Delivery Figures: As of May 31, 2026, Li Auto's cumulative deliveries reached 1,702,792 vehicles; however, since March, monthly deliveries of the Li i6 have consistently exceeded 20,000 units, suggesting that this model retains market appeal despite overall declines.
- New Model Launch: In May, Li Auto launched the all-new Li L9 and commenced deliveries, initiating a fresh product update cycle for the Li L series, and within just two weeks, it received over 10,000 orders, highlighting the new model's market potential.
- Market Outlook: Li Auto expects Q2 2026 deliveries to range between 95,000 and 100,000 vehicles, targeting over 20% market share in the RMB 500,000+ NEV SUV segment, reflecting the company's confidence in future growth prospects.
See More
Li Auto Delivers Over 33,000 Vehicles in May 2026
- Delivery Growth: In May 2026, Li Auto delivered 33,350 vehicles, bringing its cumulative deliveries to 1,702,792, demonstrating strong performance in China's new energy vehicle market and solidifying its leadership position.
- New Model Launch: The company launched the all-new Li L9 in May, receiving over 10,000 orders within two weeks, marking the beginning of a fresh product update cycle for the Li L series, which is expected to drive future sales growth.
- Technology Event Planned: Li Auto is set to host a dedicated technology event in June to showcase its capabilities in in-cabin interaction, assisted driving, and in-house chips, aiming to enhance brand image and attract more consumer interest.
- Charging Infrastructure Expansion: As of May 31, Li Auto operated 4,088 supercharging stations with 22,563 charging stalls in China, significantly improving charging convenience for users and enhancing the brand's competitive edge in the market.
See More
Boston Scientific Shares Hit 52-Week Low Amid Weak Growth Outlook
- Boston Scientific Stock Decline: Boston Scientific shares fell to a 52-week low of $48.13, experiencing a 16% weekly drop due to weak expectations for its Watchman heart device business, with management indicating that U.S. revenue may remain weak for the next two quarters, prompting analysts to lower price targets.
- Li Auto's Profitability Pressure: Li Auto reported weaker profits in its Q1 earnings, forecasting Q2 deliveries between 95,000 and 100,000 vehicles, reflecting soft demand and intense competition in China's EV market, leading Barclays to cut its price target from $18 to $14, implying nearly a 7% downside.
- Rollins Valuation Reset: Rollins reached a new low of $46.85 despite solid operating performance, as investors focused on valuation concerns, with Bernstein downgrading the stock and lowering its price target from $70 to $52, citing the potential negative impact of CFO Ken Krause's departure on profitability.
- Market Sentiment Shift: The stocks of Boston Scientific and Rollins have declined over 49% and 20% respectively this year, while Li Auto has shed over 11%, indicating a shift in investor confidence away from premium-priced growth stocks, with market sentiment changing from 'extremely bullish' to 'bullish'.
See More
Li Auto (LI) Q1 2026 Earnings Transcript
See More
Li Auto's Annual Shareholder Meeting Approves Resolutions
- Shareholder Meeting Resolutions: Li Auto held its annual shareholder meeting on May 29, 2026, in Beijing, where all proposed resolutions were adopted, marking a significant step in enhancing corporate governance and boosting shareholder confidence in the company's future.
- Amendment of Articles: The existing memorandum and articles of association were entirely replaced with the seventh amended version, which will improve operational flexibility and transparency, thereby attracting more investor interest.
- Board Re-election: Directors Donghui Ma, Tie Li, and Hongqiang Zhao were re-elected, ensuring continuity in strategic decision-making and enhancing management stability, which is crucial for the company's long-term vision.
- Share Issuance and Buyback Mandate: The board was granted a general mandate to issue and repurchase additional Class A ordinary shares, providing the company with flexibility for future capital operations and potentially increasing shareholder value while boosting market confidence.
See More
Li Auto Q1 2026 Earnings Call Insights
- Delivery Growth Trend: In Q1 2026, Li Auto's deliveries entered a growth trajectory, reclaiming the top sales position among Chinese brands in the new energy vehicle market priced above RMB 200,000 from January to April, indicating a recovery in market demand and enhanced brand competitiveness.
- Strong New Model Orders: The all-new Li L9 was launched on May 15 and began deliveries on May 17, securing over 10,000 orders within just two weeks at transaction prices exceeding RMB 500,000, reflecting robust demand in the high-end market and the brand's appeal.
- Declining Financial Performance: Total revenues for Q1 were RMB 23 billion, down 11.4% year-over-year and 20.1% quarter-over-quarter, with gross margin dropping to 7.9%, highlighting the negative impact of cost pressures and intensified market competition on profitability.
- Positive Future Outlook: The company expects deliveries in Q2 2026 to range between 95,000 and 100,000 vehicles, with gross margin anticipated to recover to about 10%, indicating management's ongoing confidence in new products and technologies aimed at achieving a full-year sales growth target of 20%.
See More
