Li Auto July Deliveries Edge Lower, But Sales Slowdown Eases

Li Auto July Deliveries Edge Lower, But Sales Slowdown Eases

Akanksha Bakshi

Mon, August 3, 2026 at 12:54 PM GMT+3 3 min read

Li Auto Inc. (NASDAQ:LI) stock traded lower in Monday's premarket session after the electric vehicle maker reported delivering 30,468 vehicles in July 2026.

Li Auto July Deliveries Update And New Model Launches

Monthly deliveries fell 0.9% from 30,731 vehicles a year earlier and declined 1.4% from 30,895 vehicles in June. The latest results brought Li Auto's cumulative deliveries to 1,764,155 vehicles.

The year-over-year decline eased markedly from 14.84% in June.

Li Auto launched the new Li L6 in July, while cumulative deliveries of its Li L9 surpassed 300,000 units.

The company also expanded into Kazakhstan and enhanced its intelligent assisted-driving capabilities through an over-the-air software update released in late July.

Chinese EV Rivals Report Stronger July Deliveries

XPeng Inc. (NYSE:XPEV) delivered 38,027 vehicles in July 2026, representing a 4% year-over-year increase.

NIO Inc. (NYSE:NIO) posted strong growth, delivering 35,934 vehicles in July 2026—a 71.0% year-over-year increase.

Read Also:China's EV Price War Can't Last Forever– 'Unsustainable' GM CEO Says

LI Technical Outlook: Key Support, Resistance And Momentum

At $13.50, the stock closed above its 20-day SMA ($12.54) and just above its 50-day SMA ($13.40), which can act like a near-term "line in the sand" for trend followers.

The bigger-picture trend still leaned bearish, with price remaining below the 100-day SMA ($15.73) and 200-day SMA ($17.03), and with a death cross (50-day below 200-day) still in place from September 2025.

Momentum looked like it was trying to improve: MACD was above its signal line and the histogram was positive, which typically means downside pressure is easing even if the longer trend hasn't fully flipped. I

• Key Resistance: $13.65 — near the 50-day EMA, a common area where rallies can stall in downtrends

• Key Support: $12.54 — aligns with the 20-day SMA, a level bulls often try to defend during pullbacks

LI Earnings Preview And Analyst Price Targets

Li Auto is expected to provide its next financial update on August 27, 2026 (estimated).

• EPS Estimate: Loss of 1 cent (Down from 10 cents)

• Revenue Estimate: $3.73 billion (Down from $4.22 billion)

Analyst Consensus & Recent Actions: The stock carries a Hold rating with an average price forecast of $15.03. Recent analyst moves include:

• HSBC: Hold (Lowers forecast to $15.60) (June 10)

• Barclays: Equal-Weight (Lowers forecast to $14.00) (May 29)

• Macquarie: Upgraded to Neutral (May 29)

LI Price Action: Li Auto shares were down 2.79% at $13.25 during premarket trading on Monday, according to Benzinga Pro data.

Image via Shutterstock

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This article Li Auto July Deliveries Edge Lower, But Sales Slowdown Eases originally appeared on Benzinga.com

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