Group 1 - The automotive consumption sector is experiencing a warm atmosphere during the Spring Festival, with various automotive cultural activities enhancing the festive travel and leisure experiences for the public [1] - Beijing Automotive Group launched the "Warm Homecoming Road" public welfare event, showcasing its brands and celebrating the efforts of citizens and travelers during the holiday [4][6] - The event features performances and cultural experiences at key transportation hubs in Beijing, creating a festive and welcoming environment for travelers [6] Group 2 - Shenzhou Car Rental and Huazhu Group have formed a joint membership cooperation to enhance travel and accommodation experiences during the peak travel season of the Spring Festival [9] - Shenzhou Car Rental has ensured continuous service at rental locations during the holiday, providing efficient car pick-up and return services for travelers [11] - The Beijing Automotive Museum is hosting a micro-exhibition celebrating the 140th anniversary of the automobile, offering engaging activities for automotive enthusiasts [13] Group 3 - The smart car community in Beijing is integrating traditional Chinese New Year elements with international themes, providing unique cultural experiences for car owners [20][21] - The Five Elephant Valley Camp in Guangxi has transformed into a world-famous painting museum, offering interactive art experiences for visitors during the Spring Festival [24] - New energy vehicle brands are innovating in pet care services, addressing the needs of pet owners during holiday travel with features like "pet mode" in vehicles [27]

Core Insights - In January 2026, Li Auto delivered 27,668 new vehicles, bringing the total cumulative deliveries to 1,567,883 vehicles as of January 31, 2026 [2] Group 1: Product and Technology Updates - The company released the OTA 8.2 system update in January, introducing 40 new features and 25 experience optimizations, enhancing driver assistance, smart space, and electric driving experiences [2] - The upgraded VLA driver model significantly improved its understanding of the physical world, making it better at handling complex urban driving conditions [2] - New features such as the pet mode and AI art frame have been well received by users, with many creating and sharing AI pet screensavers [2] Group 2: Sales and Service Network - As of January 31, 2026, Li Auto has established 547 retail centers across 159 cities, along with 547 after-sales service and authorized service centers covering 221 cities [2] - The company has also made progress in its charging network, with 3,966 Li Auto supercharging stations and 21,945 charging piles now in operation nationwide [2]

Core Viewpoint - Li Auto has launched the OTA 8.2 software update, introducing the "VLA driver model behavior reinforcement learning" capability to enhance vehicle dynamics and driving experience [1] Group 1: Software Update Features - The OTA 8.2 update includes 40 new and optimized features, such as the HUD narrow road imaging system that displays wheel hub perspective during narrow road navigation [1] - The update also introduces a pet mode, an art frame feature, and charging preheating for extended-range models [1] Group 2: Company Philosophy - Li Auto emphasizes its philosophy of "a mobile home, always new" through this software upgrade, aiming to continuously improve user experience [1]