JPMorgan cut Li Auto Inc. (LI) to Underweight from Neutral

Li Auto Inc. (NASDAQ:LI) is among the Goldman Sachs EV and Battery Stocks.

On February 9, 2026, JPMorgan cut Li Auto Inc. (NASDAQ:LI) to Underweight from Neutral and reduced its price objective to $14 from $18. The corporation forecasts China’s auto industry to underperform in 2026 as passenger vehicle growth slows. JPMorgan downgraded Li Auto Inc. (NASDAQ:LI)’s profitability prediction for this year to a loss, noting lower sales volumes and margins, as well as a shortage of new models.

Separately, the firm delivered 27,668 automobiles on February 1, 2026. As of January 31, 2026, the total number of deliveries was 1,567,883. The firm released OTA version 8.2, which includes 40 new features and 25 experience upgrades across assisted driving, smart space, and smart electric functions. Li Auto Inc. (NASDAQ:LI) has 547 retail locations in 159 cities and 547 service facilities and authorized shops in 221 cities. Furthermore, the corporation controlled 3,966 supercharging stations and 21,945 charging stalls throughout China.

Li Auto Inc. (NASDAQ:LI) designs, develops, manufactures, and sells premium smart electric automobiles. Its vehicles include the Li MEGA, a high-tech flagship family MPV, the Li L9, a six-seat flagship family SUV, the Li L8, a six-seat premium family SUV, and the Li L7, a five-seat flagship SUV.

While we acknowledge the potential of LI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.