Li Auto reported that it delivered 26,421 vehicles in February 2026, bringing its cumulative deliveries to 1,594,304 units. The February figure represents a 0.6% year‑on‑year increase, ending an eight‑month streak of declines and suggesting a modest rebound in demand.
The company’s delivery performance was supported by a robust charging network. Li Auto operates 4,054 super‑charging stations with 22,447 stalls, and the network powered more than 1.45 million charging sessions during the Spring Festival travel peak (February 14‑23, 2026), delivering over 42 million kWh of energy.
Li Auto’s sales and service footprint continues to expand. As of February 28, the company operated 539 retail stores in 160 cities and 548 servicing centers, with authorized servicing shops in 223 cities, underscoring its growing presence across China.
The delivery numbers come amid a competitive environment that has pressured the company’s margins and growth. Li Auto is refocusing on its core extended‑range electric vehicle (EREV) segment while developing a battery‑electric vehicle (BEV) platform, and it plans to launch the all‑new Li L9 SUV in the second quarter of 2026. The company will also report its fourth‑quarter and full‑year 2025 financial results on March 12, 2026, which will provide further insight into its financial health.
The slight year‑on‑year gain in February deliveries signals a potential stabilization of sales momentum, but the broader context of intense competition, margin pressure, and the need for new model launches suggests that Li Auto’s trajectory remains uncertain. Investors will likely view the data as a positive sign of operational resilience while remaining cautious about the company’s long‑term growth prospects.
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