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 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].

Group 1: GAC Group Performance - GAC Group reported January 2026 sales of 116,600 vehicles, an increase of 18.47% year-on-year [1][5] - The production for January was 110,800 vehicles, a decrease of 4.77% year-on-year [1][5] - New energy vehicles (NEVs) showed strong performance with a production of 23,700 units, up 42.82% year-on-year, and sales of 26,000 units, a significant increase of 162.90% [1][5] - GAC Aion's sales reached 21,600 units, a year-on-year increase of 171.63% [1][5] - GAC Honda's sales were 4,558 units, down 69.86% year-on-year, while GAC Toyota's sales increased by 9.82% to 62,600 units [1][5] - Wuyang-Honda motorcycles sold 45,200 units, up 15.00% year-on-year [1][5] Group 2: BYD Performance - BYD reported January 2026 sales of 210,100 NEVs, a decrease of 30.11% year-on-year [2][6] - The production for January was 232,400 NEVs, down 29.13% year-on-year [2][6] - Sales of pure electric passenger vehicles were 83,200 units, a decline of 33.60% year-on-year, while plug-in hybrid passenger vehicles sold 122,300 units, down 28.53% [2][6] - The commercial vehicle segment performed well with production and sales of 4,523 and 4,533 units, respectively, representing year-on-year growth of 11.60% and 10.78% [2][6] - NEV exports reached 100,500 units, and the total installed capacity of power batteries and energy storage batteries was approximately 20.187 GWh [2][6] Group 3: Li Auto Performance - Li Auto delivered 27,700 vehicles in January 2026, with a cumulative delivery of 1,567,900 vehicles as of January 31, 2026 [3][7] - The company launched OTA 8.2 system update in January, featuring 40 new functions and 25 experience optimizations [3][7] - Li Auto has 547 retail centers covering 159 cities and 547 after-sales service centers across 221 cities, with 3,966 charging stations and 21,900 charging piles in operation [3][7]

Core Insights - Li Auto (02015) reported a delivery of 27,668 new vehicles in January 2026, representing a year-on-year decline of 7.5%. As of January 31, 2026, the total cumulative delivery reached 1.5679 million vehicles [1][5]. Group 1: Vehicle Deliveries - In January 2026, Li Auto delivered 27,668 new vehicles, down 7.5% year-on-year [1][5]. - The historical cumulative delivery volume reached 1.5679 million vehicles as of January 31, 2026 [1][5]. Group 2: Software Updates - In January, Li Auto pushed an OTA 8.2 system update to users, introducing 40 new features and 25 experience optimizations [1][5]. - The enhanced VLA driver model significantly improved its understanding of the physical world, performing closer to human driving levels in complex urban conditions [1][5]. Group 3: Infrastructure Expansion - As of January 31, 2026, Li Auto has established 547 retail centers across 159 cities [1][5]. - The company has also set up 547 after-sales service and authorized service centers, covering 221 cities [1][5]. - Li Auto has deployed 3,966 Li Auto Supercharging stations, with a total of 21,945 charging piles in operation [1][5].

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, bringing the cumulative delivery total to 1.5679 million units as of January 31, 2026 [1] Group 1: Vehicle Deliveries - In January 2026, Li Auto delivered 27,668 new vehicles, representing a 7.5% decrease compared to the same month last year [1] - As of January 31, 2026, the historical cumulative delivery volume reached 1.5679 million units [1] Group 2: Software and Technology Updates - Li Auto pushed an OTA 8.2 system update in January, 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 levels [1] Group 3: Retail and Service Network - As of January 31, 2026, Li Auto has established 547 retail centers across 159 cities [1] - The company operates 547 after-sales service and authorized service centers, covering 221 cities [1] - Li Auto has deployed 3,966 charging stations nationwide, with a total of 21,945 charging piles in operation [1]

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 vehicles 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 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 an equal number of 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].

Core Viewpoint - Li Auto delivered 27,668 new vehicles in January 2026, bringing the total cumulative delivery to 1,567,883 vehicles as of January 31, 2026 [1] Group 1: Vehicle Deliveries - In January 2026, Li Auto delivered 27,668 new vehicles [1] - As of January 31, 2026, the total cumulative delivery reached 1,567,883 vehicles [1] Group 2: Software Updates - In January, Li Auto pushed an OTA 8.2 system update, introducing 40 new features and 25 experience optimizations [1] - The enhanced VLA driver model significantly improved its understanding of the physical world, performing closer to human driving levels in complex urban conditions [1] Group 3: Retail and Service Network - As of January 31, 2026, Li Auto has established 547 retail centers across 159 cities [1] - The company operates 547 after-sales service and authorized service centers, covering 221 cities [1] - Li Auto has deployed 3,966 Li Auto Supercharging stations, with a total of 21,945 charging piles in use nationwide [1]

理想汽車是中國新能源汽車市場的領導者。本公司設計、研發、製造和銷售豪華 智能電動車。理想汽車的使命是「主動積極，改變世界」。通過產品、技術和業務 模式的創新，本公司為家庭用戶提供安全、便捷、舒適的產品與服務。在中國， 理想汽車是成功將增程式電動車商業化的先驅，並在堅持此技術路線的同時打造 純電動平台。本公司運用科技為用戶創造價值，自主研發工作主要集中在其特有 的增程系統，創新的電動汽車技術以及智能汽車解決方案。理想汽車於2019年 11月開始量產。現有車型包括一款家庭科技旗艦MPV、四款理想L系列增程電動 SUV、兩款理想i系列純電動SUV。本公司將持續擴展產品線，進而拓寬用戶群 體。 有關更多資料，請瀏覽： https://ir.lixiang.com 。 理想汽車 （於開曼群島註冊成立以不同投票權控制的有限責任公司） （股份代號：2015） 自願公告 2026年1月交付更新資料 於2026年2月1日，中國新能源汽車市場的領導者理想汽車（「理想汽車」或「本公 司」）（納斯達克：LI；香港交易所：2015）宣佈，2026年1月，理想汽車交付新車 27,668輛。截至2026年1月31日，理想汽車歷史累計交付量 ...