Li Auto Stock Hits 52-Week Low: What's Going On?

Shares of Li Auto Inc. (NASDAQ:LI) are trading lower Friday afternoon as investors continue to react to the Chinese electric vehicle maker’s September delivery results, which revealed near-term volume moderation. Here’s what investors need to know. Li Auto stock is at significant support. Why are LI shares at support? September Delivery Contraction and Q3 Volume Late Wednesday, Li Auto announced it delivered 31,817 vehicles during the month of September 2026. The monthly total represents a 6.28% year-over-year decline from the 33,951 units delivered in September 2025, and a 15.56% sequential drop from August 2026. Despite the monthly contraction, the automaker delivered 99,964 vehicles for the third quarter, representing a 7.24% year-over-year increase. As of September 30, 2026, Li Auto’s cumulative deliveries reached 1,833,651 vehicles. During September, volume was supported by the new Li L6 model, which successfully crossed the 10,000-unit delivery threshold. Product Expansion and Infrastructure Growth Throughout September, Li Auto scaled its product portfolio, expanding its battery electric vehicle lineup with the domestic launch of the Li MEGA Home and Li i9 Home. Additionally, the automaker deployed its MACH VLA 2.0 autonomous driving software via an over-the-air update to nearly one million vehicles. Looking ahead to October, the company plans to introduce its new Li i6 model and make its official European debut at the Paris Motor Show. The automaker simultaneously expanded its operational footprint, ending September with 485 retail stores across 160 Chinese cities and 4,188 supercharging stations equipped with 23,077 charging stalls. LI Shares Fall Friday Afternoon LI Price Action: Li Auto shares were down 3.69% at $10.71 at the time of publication on Friday. The stock is trading at a new 52-week low, according to Benzinga Pro data. Read Also: Rivian Stock Dips Post Q3 Production and Delivery Report Image: Shutterstock