Li Auto Inc.’s (NASDAQ:LI) February deliveries showed signs of stabilization, with the company handing over 26,421 vehicles — up 0.6% year over year — despite seasonal disruption from the Spring Festival holiday.
The modest gain breaks an eight-month streak of annual delivery declines, suggesting demand may be starting to steady after a prolonged slowdown, a CnEVPost report said.
The company delivered 26,421 vehicles in February 2026, up from 26,263 in February 2025. As of February 28, 2026, Li Auto’s cumulative deliveries reached 1,594,304.
Li Auto rolled out its OTA 8.3 update ahead of the Chinese Spring Festival, introducing upgrades to its VLA Driver large model, smart cockpit, and smart electric systems.
During the holiday travel rush, the company supported users through its nationwide charging network of more than 4,000 supercharging stations. Between February 14 and February 23, 2026, Li Auto recorded over 1.45 million charging sessions, delivering more than 42 million kWh of electricity.
The company plans to launch the all-new Li L9 in the second quarter.
As of February 28, 2026, Li Auto operated 539 retail stores across 160 cities and 548 servicing centers and authorized body and paint shops in 223 cities. Its charging infrastructure totaled 4,054 supercharging stations with 22,447 charging stalls nationwide.
Technical Analysis
Currently, Li Auto is trading 10.5% below its 20-day simple moving average (SMA) and 12.3% below its 100-day SMA, suggesting a bearish trend in the short term. Over the past 12 months, shares have decreased by approximately 46%, and they are currently positioned closer to their 52-week lows than highs, indicating weakness in the stock’s performance.
The RSI is at 50.00, which is considered neutral territory, suggesting that the stock is neither overbought nor oversold. Meanwhile, the MACD is at -0.05, below its signal line at 0.00, indicating bearish pressure on the stock. The combination of neutral RSI and bearish MACD suggests mixed momentum for Li Auto, indicating uncertainty in the stock’s direction.
- Key Resistance: $20.00
- Key Support: $15.50
Earnings Preview
The countdown is on: Li Auto is set to report earnings on March 12, 2026.
- EPS Estimate: 5 cents (Down from 52 cents)
- Revenue Estimate: $4.28 billion (Down from $6.07 billion)
- Valuation: P/E of 15.9x (Indicates fair valuation)
Analyst Consensus & Recent Actions: The stock carries a Hold Rating with an average price target of $26.01. Recent analyst moves include:
- Jefferies: Downgraded to Hold (Lowers Target to $17.50) (Jan. 23)
- Citigroup: Neutral (Lowers Target to $18.50) (Jan. 15)
- Piper Sandler: Neutral (Raises Target to $19.00) (Jan. 8)
LI Price Action: Li Auto shares were down 1.36% at $17.35 during premarket trading on Monday, according to Benzinga Pro data.
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