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].

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 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]