Li Auto October deliveries dip 8.8% M/M to 29,025 units; cumulative deliveries reach 1.86M

What happened

Li Auto delivered 29,025 vehicles in October 2026, down 8.8% from September and 43.6% from October 2025. Cumulative deliveries reached 1.86 million by October 31. The company said its new Li MEGA delivered more than 3,000 units during the month.

Confirmed

Global impact / market context

Fewer monthly deliveries can mean less vehicle revenue if the decline persists, while lower production could also ease costs. The more than 3,000 Li MEGA deliveries offer a partial offset, but the article does not report whether they improved total revenue or profit per sale.

Analyst inference

The figures show a sharp annual decline as well as a smaller monthly decline, despite Li Auto’s cumulative total reaching 1.86 million deliveries. New products and planned software upgrades may support future demand, but the article gives no evidence yet that they have reversed the drop.

Analyst inference

What to watch

1. Check whether Li Auto’s next monthly delivery report shows a recovery from October’s 29,025 vehicles or further declines, especially against the year-earlier comparison. Analyst inference
2. Track whether Li MEGA deliveries remain above October’s 3,000 units and whether the newly launched Li i6 contributes meaningfully to total deliveries. Analyst inference
3. Watch for the planned November rollout of OTA 9.2, a software update featuring MACH VLA 2.5 and upgraded cockpit Agent capabilities. Confirmed

Evidence

• seekingalpha.com