Li Auto (NASDAQ: LI) delivered 29,025 vehicles in October, down 8.63% year-on-year, marking a second consecutive month of annual declines as the company accelerates updates to its battery electric models and the adoption of in-house technologies.
The Chinese automaker released the figures on Sunday. October deliveries fell 8.78% from September's 31,817 units to their lowest level since February, when it delivered 26,421 vehicles.
In the first 10 months of the year, Li Auto delivered 322,461 vehicles, down 1.96% year-on-year, according to data compiled by CnEVPost. The decline widened from 1.25% in the first 9 months.
As of October 31, the company's cumulative deliveries since inception reached 1,862,676 vehicles.
Li Auto said it delivered more than 3,000 units of the new Li Mega in October. The latest generation of the flagship battery electric MPV (multi-purpose vehicle) was launched on September 2, with a price cut and hardware upgrades aimed at boosting demand.
The company also launched the 2026 Li i6 on October 28 and began deliveries the following day, upgrading the 5-seat battery electric SUV with an in-house assisted-driving chip, a new battery and enhanced cabin features.
The updated Li i6's official starting price remains unchanged at 249,800 yuan ($37,210). Customers purchasing on or before November 30 can receive introductory benefits that bring the price to 239,800 yuan.
The model comes standard with the Mach M100 assisted-driving chip and a 96-kWh Lianshan 5C lithium iron phosphate battery, increasing the rear-wheel-drive version's CLTC range to 780 kilometers (about 485 miles).
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