🧾 What This Document Is

This is a 6-K form, which is a current report foreign companies listed in the U.S. must file. Think of it as a major news update for investors. This specific filing shares Li Auto's March 2026 vehicle delivery results and other key business updates. It's not a full quarterly report, but it gives a timely snapshot of how the company is performing right now.

🏢 What The Company Does

👉 In simple terms, Li Auto is a major Chinese automaker focused on premium electric vehicles for families. They are a pioneer in "extended-range" EVs, which use a small gas engine to charge the battery, solving range anxiety. They also build pure battery-electric SUVs. Their mission is "Be Proactive, Change the World," and they compete in China's booming new energy vehicle market.

🚀 Key March 2026 Performance

Li Auto had a strong month, signaling robust demand and improved execution.

• 🚗 Deliveries: The company delivered 41,053 vehicles in March 2026.
• 📈 Cumulative Milestone: Total deliveries since the company started have now reached 1,635,357 vehicles.
• ✅ Bottleneck Resolved: A previous production bottleneck for their popular Li i6 model is fixed, allowing monthly deliveries of that model to surpass 24,000 units in March.

👉 Why it matters: Strong delivery numbers are the most important monthly metric for an EV company. It shows they can build and sell cars efficiently, which directly drives revenue and market share.

📦 Operational Expansion

Li Auto continues to build out its physical presence across China to support sales and service.

• 🏬 Retail Stores: 517 stores in 160 cities.
• 🔧 Service Network: 552 service centers operating in 223 cities.
• ⚡ Charging Infrastructure: 4,057 super charging stations with 22,439 charging stalls in operation.

👉 Why it matters: This "network effect" is crucial. More stores and service centers make it easier for customers to buy and own a Li Auto vehicle, which fuels further sales.

🧪 Technology & Future Products

Li Auto is investing in next-generation tech and has a clear product roadmap.

• 🤖 Autonomous Driving: Unveiled a new AI foundation model called MindVLA and a 3D ViT Encoder. This tech aims to give cars a more human-like understanding of the 3D world, advancing self-driving capabilities.
• 🆕 New Model Launch: An all-new Li L9 SUV is expected to launch in Q2 2026. This will refresh their high-end product lineup.

👉 Why it matters: In the competitive EV race, software and autonomous driving are key differentiators. New models keep the product lineup fresh and attract new customers.

⚖️ Big Picture — Strengths & Risks

• 👍 Strengths: Strong delivery growth, a resolved production bottleneck, an expanding charging and service network, and a clear plan for new tech and models. They are a leader in their home market.
• ⚠️ Risks: The EV market in China is intensely competitive. They face pressure from both local rivals and global brands. The success of their new models and technology is not guaranteed.

🔮 What's Next

The immediate focus for Li Auto is the launch of the new Li L9 in the second quarter of 2026. Investors will also be watching to see if the company can maintain its strong monthly delivery momentum and successfully roll out its new autonomous driving technology.

🧠 The Analogy

Li Auto is like a rapidly growing restaurant chain in a booming food district. They've just reported a record month of customers served (deliveries), fixed a kitchen supply issue (production bottleneck), expanded their dining rooms and take-out counters (stores/service centers), and announced they're developing a new, smarter cooking robot (MindVLA AI) for the future. Everyone's watching to see if they can keep the crowds coming and stay ahead of the competition.

📇 Key Contacts & People

• Company Contact: Li Auto Inc. Investor Relations
• Email: [email protected]
• PR Agency Contact: Roger Hu (Christensen Advisory)
• Tel: +86-10-5900-1548
• Email: [email protected]

🧩 Final Takeaway

Li Auto delivered a powerful 41,000+ vehicles in March, demonstrating strong execution and demand. With production issues resolved and a new flagship SUV launching soon, the company is positioning itself for continued growth in China's competitive EV market.