Li Auto Inc. February 2026 Delivery Update

Rhea-AI Summary

Li Auto (Nasdaq: LI) delivered 26,421 vehicles in February 2026, bringing cumulative deliveries to 1,594,304 as of February 28, 2026. The company rolled out OTA version 8.3 and reported heavy charging activity and a nationwide charging network ahead of its planned Q2 launch of the all-new Li L9.

From February 14–23, 2026 Li Auto powered over 1.45 million charging sessions with >42 million kWh; it operates 4,054 super charging stations and 22,447 charging stalls across China.

Positive

• Deliveries of 26,421 vehicles in February 2026
• Cumulative deliveries reached 1,594,304 as of February 28, 2026
• OTA version 8.3 rollout with VLA model, smart cockpit, smart electric upgrades
• 1.45 million charging sessions recorded Feb 14–23, 2026; >42 million kWh charged
• Network of 4,054 super charging stations and 22,447 charging stalls in China

Negative

• None.

Key Figures

February 2026 deliveries: 26,421 vehicles Cumulative deliveries: 1,594,304 vehicles Super charging stations: more than 4,000 stations +5 more

8 metrics

February 2026 deliveries 26,421 vehicles Monthly deliveries in February 2026

Cumulative deliveries 1,594,304 vehicles Total as of February 28, 2026

Super charging stations more than 4,000 stations Nationwide network during Spring Festival travel peak

Charging sessions over 1.45 million sessions Powered from February 14–23, 2026

Charging volume over 42 million kWh Total energy delivered February 14–23, 2026

Retail stores 539 stores Operating in 160 cities as of February 28, 2026

Servicing centers 548 centers/shops Operating in 223 cities as of February 28, 2026

Charging stalls 22,447 stalls Across 4,054 super charging stations in China

Market Reality Check

Price: $17.59 Vol: Volume 1,830,404 is 0.55x...

low vol

$17.59 Last Close

Volume Volume 1,830,404 is 0.55x the 20-day average of 3,335,893, indicating subdued trading activity. low

Technical Shares at 17.59 are trading below the 200-day MA of 22.71 and 46.36% under the 52-week high of 32.79.

Peers on Argus

LI was down 1.73% while key peers were mixed: STLA +0.94%, XPEV +0.46%, RIVN +0....

LI was down 1.73% while key peers were mixed: STLA +0.94%, XPEV +0.46%, RIVN +0.16%, NIO -2.6%, GM -1.59%, suggesting a stock-specific move rather than a broad sector rotation.

Historical Context

5 past events · Latest: Jan 31 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 31	Monthly deliveries update	Positive	-0.5%	January 2026 deliveries, cumulative volume and OTA 8.2 feature rollout.
Dec 31	Monthly deliveries update	Positive	+1.9%	Strong December 2025 deliveries and 1.5M+ cumulative milestone with network growth.
Dec 01	Monthly deliveries update	Positive	-2.5%	November 2025 deliveries, capacity outlook and OTA 8.1 timing plus network expansion.
Nov 26	Earnings results	Negative	+0.6%	Q3 2025 revenue and delivery declines, margin compression and net loss disclosure.
Nov 14	Earnings date notice	Neutral	-0.8%	Announcement of timing and logistics for Q3 2025 earnings release and call.

Pattern Detected

Operational updates (deliveries, network expansion) have often seen muted or negative price reactions, while weak financial results previously produced a modest positive move, indicating frequent divergence between fundamentals news and near-term price action.

Recent Company History

Over the last few months, Li Auto has consistently reported monthly delivery updates with expanding cumulative volumes, retail footprint, and charging infrastructure. November and December 2025 and January 2026 updates highlighted rising deliveries and network growth, yet price reactions ranged from -2.45% to +1.89%. The Q3 2025 financial release showed sharp year-over-year declines in revenue and deliveries plus a net loss, but the stock still rose 0.6%. Today’s February delivery and infrastructure update fits this pattern of strong operational disclosure amid mixed price responses.

Market Pulse Summary

This announcement highlights continued operational scaling, with February deliveries of 26,421 vehic...

Analysis

This announcement highlights continued operational scaling, with February deliveries of 26,421 vehicles and cumulative deliveries of 1,594,304. The company also emphasized software differentiation via OTA 8.3 and a charging network of 4,054 stations and 22,447 stalls. Compared with recent monthly updates, the story remains one of growing volumes and infrastructure. Investors may monitor future delivery trajectories, new model launches such as the all-new Li L9, and how these translate into financial performance.

Key Terms

ota update, smart cockpit, kwh, super charging stations

4 terms

ota update technical

"Li Auto officially rolled out OTA update version 8.3 ahead of the Chinese Spring Festival"

An OTA update is a software change delivered wirelessly to devices—like cars, phones, or medical equipment—without needing physical access. Think of it as a remote patch or feature upgrade that arrives over the air like an app update on your phone. Investors care because these updates can fix security flaws, add features, reduce recall costs, or create ongoing revenue and lifecycle value, while failures can harm reputation, trigger regulatory scrutiny, or increase liability and expense.

smart cockpit technical

"three key areas: VLA Driver large model, smart cockpit and smart electric functionality"

A smart cockpit is the digitally upgraded interior of a vehicle that brings together screens, voice and touch controls, connectivity, driver-assist features and personalized apps into one seamless experience — like turning the car’s cabin into a smartphone on wheels. For investors, it matters because this software-centered upgrade can drive higher sales, recurring revenue from subscriptions and upgrades, influence safety and regulatory approval, and reshape supplier and manufacturing costs.

kwh technical

"powered over 1.45 million charging sessions, with total charging volume exceeding 42 million kWh"

A kWh (kilowatt-hour) is a measure of energy equal to running a 1,000-watt appliance for one hour; think of it like a gallon of gasoline but for electricity. Investors care because electricity prices and contracts are quoted in kWh, so it directly affects operating costs, utility revenues, project economics for power plants and batteries, and the value of efficiency or renewable energy investments.

super charging stations technical

"nationwide network of more than 4,000 super charging stations"

High-power electric vehicle charging hubs that replenish a car’s battery much faster than a standard home or public charger, similar to how a highway gas station fills a tank quickly compared with a slow drip at home. They matter to investors because their availability and speed directly affect electric vehicle adoption, recurring usage revenue, site profitability, and partnerships with utilities or property owners—factors that drive growth and valuation in the EV ecosystem.

AI-generated analysis. Not financial advice.

BEIJING, China, March 01, 2026 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that it delivered 26,421 vehicles in February 2026. As of February 28, 2026, Li Auto’s cumulative deliveries reached 1,594,304.

Li Auto officially rolled out OTA update version 8.3 ahead of the Chinese Spring Festival, featuring comprehensive upgrades in three key areas: VLA Driver large model, smart cockpit and smart electric functionality. During the Spring Festival travel peak, the Company provided users with a stable and convenient energy replenishment experience through its nationwide network of more than 4,000 super charging stations. From February 14 to February 23, 2026, the Company powered over 1.45 million charging sessions, with total charging volume exceeding 42 million kWh. The Company plans to launch the all-new Li L9 in the second quarter.

As of February 28, 2026, the Company had 539 retail stores in 160 cities, 548 servicing centers and Li Auto-authorized servicing shops operating in 223 cities. The Company also had 4,054 super charging stations in operation equipped with 22,447 charging stalls in China.

About Li Auto Inc.

Li Auto Inc. is a leader in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles. Its mission is: Be Proactive, Change the World (主动积极,改变世界). Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and comfortable products and services. Li Auto is a pioneer in successfully commercializing extended-range electric vehicles in China. While firmly advancing along this technological route, it builds platforms for battery electric vehicles in parallel. The Company leverages technology to create value for users. It concentrates its in-house development efforts on proprietary range extension systems, innovative electric vehicle technologies, and smart vehicle solutions. The Company started volume production in November 2019. Its current model lineup includes a high-tech flagship family MPV, four Li L series extended-range electric SUVs, and two Li i series battery electric SUVs. The Company will continue to expand its product lineup to target a broader user base.

For more information, please visit: https://ir.lixiang.com.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “targets,” “likely to,” “challenges,” and similar statements. Li Auto may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”) and The Stock Exchange of Hong Kong Limited (the “HKEX”), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about Li Auto’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Li Auto’s strategies, future business development, and financial condition and results of operations; Li Auto’s limited operating history; risks associated with extended-range electric vehicles and high-power charging battery electric vehicles; Li Auto’s ability to develop, manufacture, and deliver vehicles of high quality and appeal to customers; Li Auto’s ability to generate positive cash flow and profits; product defects or any other failure of vehicles to perform as expected; Li Auto’s ability to compete successfully; Li Auto’s ability to build its brand and withstand negative publicity; cancellation of orders for Li Auto’s vehicles; Li Auto’s ability to develop new vehicles; and changes in consumer demand and government incentives, subsidies, or other favorable government policies. Further information regarding these and other risks is included in Li Auto’s filings with the SEC and the HKEX. All information provided in this press release is as of the date of this press release, and Li Auto does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Li Auto Inc.
Investor Relations
Email: ir@lixiang.com

Christensen Advisory
Roger Hu
Tel: +86-10-5900-1548
Email: Li@christensencomms.com

FAQ

How many vehicles did Li Auto (LI) deliver in February 2026?

Li Auto delivered 26,421 vehicles in February 2026. According to the company, this brings cumulative deliveries to 1,594,304 as of February 28, 2026, reflecting ongoing production and delivery capacity during the month.

What is Li Auto's cumulative delivery total (LI) as of February 28, 2026?

Cumulative deliveries reached 1,594,304 vehicles as of February 28, 2026. According to the company, that total reflects all deliveries since inception and includes the February 2026 monthly deliveries.

What upgrades are included in Li Auto's OTA 8.3 update announced in February 2026?

OTA version 8.3 adds VLA Driver large model, smart cockpit, and smart electric upgrades. According to the company, the update was rolled out ahead of the Spring Festival to improve driver assistance, in-cabin features, and EV energy management.

How extensive is Li Auto's charging network and recent usage figures (LI)?

Li Auto operates 4,054 super charging stations with 22,447 charging stalls in China. According to the company, it powered over 1.45 million charging sessions from Feb 14–23, 2026, totaling more than 42 million kWh.

When will Li Auto launch the all-new Li L9 and what should investors know (LI)?

The all-new Li L9 is planned for launch in the second quarter of 2026. According to the company, the model is scheduled for a Q2 rollout, with further commercial and timing details to be provided closer to launch.