Li Auto revealed at its Q1 2026 earnings call that the all-new Li Auto L8 will launch at the end of June. L9 Livis firm orders have exceeded 10,000 units. The self-developed Mach M100 chip achieves triple effective compute power at similar cost. The Mach VLA model increases parameter count by 10x versus the previous generation. Li Auto has signed agreements with top dealers in the UAE and Saudi Arabia, with L-Series EREV models entering the Middle East and East Asia in Q3.
Product Pipeline: Dual Track of L8 and L9 Livis
Li Auto's end-of-May earnings call delivered multiple major announcements. The most notable is that the all-new Li Auto L8 will launch at the end of June. According to CEO Li Xiang, the new-generation L8 is not merely a facelift but essentially "the 5-seat version of the new L9," with class-leading handling and second-row comfort.
Meanwhile, Li Auto L9 Livis received over 10,000 firm orders within its first two weeks, demonstrating strong appeal in the 500,000-yuan-plus NEV SUV segment. Li Xiang expects the L9 Livis to capture over 20% market share in the 500,000-yuan-plus NEV SUV category.
Technology Foundation: Dual Breakthrough in Chip and AI
Li Auto's technology moat is deepening. Two core self-developed achievements will be fully showcased at the June software and AI launch event:
| Technology Module | Previous Generation | New Generation | Improvement |
|---|---|---|---|
| Chip Compute | Baseline | Mach M100 | 3x effective compute |
| Model Parameters | Baseline | Mach VLA | 10x parameter count |
| Cost | Baseline | Similar cost | Significant performance gain |
- Mach M100 Chip: Achieves 3x effective compute at similar cost, giving Li Auto a significant performance advantage in intelligent driving hardware without increasing BOM costs
- Mach VLA Model: Parameter count increases 10x versus the previous generation. The VLA (Vision-Language-Action) model can understand more complex driving scenarios and make decisions closer to human driving behavior
Financial Analysis: Q1 Under Pressure but Full-Year Target Unchanged
Li Auto's Q1 2026 financial results show:
- Revenue: 23.0 billion yuan, down 11.4% YoY
- Net Loss: 2.3 billion yuan (Q1 2025 profit: 647 million yuan)
- Deliveries: 95,100 units, up 2.5% YoY, down 12.87% QoQ
- Full-Year Guidance: Maintains 20% sales growth target
The Q1 decline was primarily driven by the Spring Festival low season combined with the product transition cycle. With the L9 Livis and all-new L8 launching sequentially, Q2-Q4 deliveries are expected to recover significantly.
Overseas Roadmap: Middle East and Europe in Parallel
Li Auto's overseas expansion strategy is clear and pragmatic:
- Middle East: Signed agreements with top dealers in UAE and Saudi Arabia, L-Series EREV entering in Q3
- Southeast Asia: Entered Macau, Cambodia, Laos, and Myanmar in May
- Europe: Pure-electric model i6 launching in H2, optimized for European range and charging standards
- Asia-Pacific RHD Markets: MEGA right-hand-drive version entering Hong Kong and Singapore by year-end
For buyers in Central Asia and Russia, Li Auto's L-Series EREV technology offers unique appeal — dual fuel and electric capability, solving both winter range degradation and inadequate charging infrastructure. EX1000.COM will continue tracking Li Auto's overseas compliance progress and delivery timelines.
