Core Viewpoint - Li Auto reported a year-on-year decline of 7.5% in new vehicle deliveries for January 2026, with a total of 27,668 units delivered [1]. Group 1: Delivery Performance - As of January 31, 2026, Li Auto's cumulative delivery volume reached 1.5679 million vehicles [1]. - The January 2026 delivery figures represent a decrease compared to the same month in the previous year [1]. Group 2: Product and Technology Updates - In January, Li Auto rolled out the OTA 8.2 system update, introducing 40 new features and 25 experience optimizations [1]. - The enhanced VLA driver model shows significant improvement in understanding and responding to complex urban driving conditions, approaching human driving capabilities [1]. Group 3: Infrastructure Expansion - Li Auto has established 547 retail centers across 159 cities and 547 after-sales service and authorized service centers covering 221 cities [1]. - The company has deployed 3,966 Li Auto supercharging stations, equipped with 21,945 charging piles nationwide [1].