JPMorgan downgraded Li Auto to underweight, citing slowing demand and rising costs for Chinese automakers in 2026. The firm also highlighted significant policy uncertainty facing the industry. Analysts forecast a 4% decline in domestic passenger vehicle growth. JPMorgan projects that Li Auto will move into a loss-making position as a result.
Shares fell 3.4% in premarket trading following a period of consistent price weakness. The stock closed at $18.46 on February 13, 2026, representing a 1.81% decline. This followed a 2.08% drop on February 12, 2026, when shares closed at $18.80. After-hours trading on February 13 saw an additional 0.33% dip to $18.40.
No company-specific events are scheduled for February 17-18, 2026. Broader pressures within the Chinese automotive sector dominate the outlook while U.S. markets remain stable.