Li Auto's June delivery numbers came in a bit soft, and the market is taking notice. The Chinese EV maker handed over 30,895 vehicles last month, down 14.8% from a year ago and 7.4% from May. That's a notable slowdown in a market where rivals are accelerating.
As of June 30, Li Auto's cumulative deliveries have reached 1,733,687 vehicles. The company also hit a production milestone: cumulative output of the Li i6 surpassed 150,000 units in June.
To keep the momentum going, Li Auto is refreshing its lineup. On June 23, it launched the all-new Li L8, a five-seat flagship SUV packed with features like connected zero-gravity seats, an 800V active suspension system, a fully drive-by-wire chassis, the MACH M100 chip, and a 5C range extension system. And the new Li L6 is scheduled to hit the market in July 2026.
Li Auto is also expanding its retail and charging network. As of June 30, it operated 495 retail stores across 160 cities and 536 servicing centers in 220 cities. Its charging infrastructure now includes 4,097 supercharging stations with 22,593 charging stalls nationwide.
Meanwhile, Li Auto's peers are posting stronger growth. NIO delivered 40,597 vehicles in June, up 62.9% year over year, and 107,658 vehicles in the second quarter, a 49.4% increase. XPeng delivered 40,126 vehicles in June, up 16% from last year, though its second-quarter total of 103,295 vehicles was down 48% year over year.
Li Auto shares were up 0.26% in premarket trading Wednesday at $11.77, hovering near their 52-week low of $11.65, according to market data.
