- Some configurations of Li Auto's L-series EREV models are sold out in preparation for a revamp.
- The automaker is targeting a 20% sales growth in 2026 as it seeks to rebound from a challenging year.
Li Auto has reportedly stopped taking orders for multiple versions of its L-series extended-range electric vehicles (EREVs) on the eve of launching upgraded models.
The current Li L9 flagship sport utility vehicle (SUV) is no longer accepting new orders, while only a small number of configurations remain available for the Li L7 and Li L8, local media outlet Lanjinger reported Wednesday, citing people familiar with the matter.
In addition to the planned second-quarter launch of the next-generation Li L9, Li Auto will also update other models in the L-series, the report said.
Li Auto's current product lineup includes the L-series EREVs — the Li L6, Li L7, Li L8, and Li L9 — as well as its battery electric vehicle (BEV) models: the Li i6, Li i8, and Li Mega.
Li Auto unveiled the updated Li L9 last month and introduced a higher-priced Livis trim for the SUV, stating at the time that the official launch would take place in the second quarter.
The Li L9 Livis is equipped with two of Li Auto's in-house developed, 5-nanometer M100 chips, delivering an effective computing power of 2,560 TOPS, which is three times that of Nvidia's Thor-U.
Li Auto's founder, chairman, and CEO Li Xiang said during an earnings call earlier this month that the next-generation Li L9 will build core competitive barriers at the technological level.
The aggressive product line update follows a significant decline in the company's performance last year. In 2025, Li Auto's full-year revenue slumped 22.3% to 112.3 billion yuan ($16.3 billion).
Its net income plummeted 85.8% to merely 1.1 billion yuan.
The company's full-year vehicle deliveries in 2025 dropped 18.8% to 406,343 units.
Despite facing increasingly severe market challenges, the automaker has set a target of achieving 20% sales growth in 2026. This means it is aiming to deliver about 490,000 vehicles this year.
In February, Li Auto delivered 26,421 new vehicles, achieving a 0.6% year-on-year increase. This slight growth ended the company's eight-month streak of declining deliveries.
To achieve its full-year growth target, Li Auto's management announced a new "3+2" growth strategy during the earnings call, with the core focus on optimizing sales system management and ensuring the successful generational transition of the L-series models.
Furthermore, the company plans to launch a new flagship pure-electric SUV, the Li i9, in the second half of this year. The Li i9, which is expected to be physically larger than the existing Li i8, is designed to enrich its pure-electric product matrix.
($1 = 6.8742 yuan)
