Li Auto (NASDAQ:LI) on Thursday disclosed 31,817 vehicle deliveries in September 2026, compared to 33,951 vehicles delivered in September 2025.
The figures are also lower than 37,679 vehicles delivered in August. This brings cumulative deliveries to 1,833,651.
As of September 30, 2026, Li Auto had 485 retail stores across 160 cities and 532 servicing centers and Li Auto-authorized servicing shops across 217 cities.
The company also operated 4,188 supercharging stations with 23,077 charging stalls across China.
Strong Li L6 Deliveries
Li Auto delivered more than 10,000 Li L6 vehicles in September and added the Li MEGA Home and Li i9 Home to its battery-electric vehicle lineup.
The company also upgraded nearly 1 million Li AD Max vehicles with MACH VLA 2.0 through an over-the-air update, covering models powered by Orin-X and Thor chips.
In October, Li Auto plans to launch the Li i6 and introduce the model to European customers at the Paris Motor Show as part of its European debut.
LI Earnings Preview And Analyst Price Targets
Looking further out, the next major catalyst for the stock arrives with the November 25, 2026 (estimated) earnings report.
- EPS Estimate: 11 cents (Up from Loss of 5 cents YoY)
- Revenue Estimate: $4.09 Billion (Up from $3.80 Billion YoY)
Analyst Consensus & Recent Actions: The stock carries a Hold rating with an average price forecast of $14.20. Recent analyst moves include:
- Piper Sandler: Neutral (Lowers Target to $13.00) (Aug. 27)
- HSBC: Hold (Lowers Target to $15.60) (June 10)
- Barclays: Equal-Weight (Lowers Target to $14.00) (May 29)
Peer Performance
Rival NIO Inc. (NYSE:NIO) delivered 109,178 vehicles in the third quarter, up 25.4% year over year, while September deliveries rose 7.7% to 37,408.
Also, XPeng delivered 41,256 vehicles in September, down about 0.8% from 41,581 a year earlier but up 5% from August. Third-quarter deliveries reached 118,390 vehicles, up about 2.1% from 116,007 a year earlier and 15% from the previous quarter.
LI Technical Outlook: Trend, Moving Averages And Resistance
LI is trading below every major moving average: about 4.2% below the 20-day SMA ($11.84), 7.8% below the 50-day SMA ($12.31), 14.6% below the 100-day SMA ($13.29), and 26.5% below the 200-day SMA ($15.44). That stacked setup keeps rallies vulnerable to getting sold into, especially as price approaches overhead reference levels.
Momentum is also leaning cautious: MACD is below its signal line and the histogram is negative, which points to upside pressure fading versus the prior upswing. Put simply, when MACD sits under the signal line, it often means buyers are losing control unless price can reclaim key trend levels.
- Key Resistance: $13.00 — a round-number area that also sits near the 100-day SMA zone, where rebounds can stall
From a longer lens, the stock is down 55.45% over the past 12 months and is trading just above the 52-week low of $11.09 (vs. a 52-week high of $26.50). Key timing markers on the chart include RSI slipping into oversold territory in June, a recent swing high in July, and a recent swing low (and 52-week low) in September—so the market is still treating bounces as counter-trend until proven otherwise.
LI ETF Exposure: Funds With Notable Weighting
- Intelligent Livermore ETF (NASDAQ:LIVR): 3.01% Weight
Significance: Because LI carries meaningful weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.
LI Stock Price Activity: Li Auto shares are trading lower by 1.76% at $11.16 at the time of publication on Thursday, according to Benzinga Pro data.
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