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Macquarie has upgraded Chinese EV maker Li Auto to “Neutral” from “Underperform,” arguing that the company’s key challenges are beginning to ease despite continued pressure on margins and demand.
Li Auto ( (LI)) has provided an update. In December 2025, Li Auto delivered 44,246 vehicles, bringing its fourth-quarter 2025 deliveries to 109,194 and lifting cumulative deliveries to 1,540,215 as of ...