Market Insight | LI AUTO-W Soars Nearly 7% in Afternoon Trading, August Delivery Volume Up by 37.8%, LI L6 Continues Strong Performance
LI AUTO-W rose nearly 7% in the afternoon, up 6.95% as of press time, at HKD 76.9, with a turnover of HKD 7.84 billion. On the news front, in August 2024, LI AUTO delivered 48,122 new vehicles, a year-on-year increase of 37.8%. From January to August 2024, a total of 288,103 vehicles were delivered, a year-on-year increase of 38.4%. Dongxing Securities pointed out that LI AUTO's L6 continued its strong performance, with monthly deliveries exceeding 20,000 units for three consecutive months, demonstrating strong competitiveness in the price range of RMB 200,000 to 300,000. Soochow Securities stated that the subsequent launch of new models will further improve LI AUTO's product lineup, enhance the overall sales volume space, and the combination of high unit selling price and economies of scale is expected to maintain a good profit level. It is expected that LI AUTO's sales volume will reach 530,000 units in 2024. Pacific Securities also noted that the company's organizational upgrade has achieved initial commercial success
According to the information from Zhitong Finance and Economics APP, LI AUTO-W (02015) surged nearly 7% in the afternoon, up 6.95% as of the time of publication, at HKD 76.9, with a turnover of HKD 7.84 billion.
On the news front, in August 2024, LI AUTO delivered 48,122 new vehicles, a year-on-year increase of 37.8%. From January to August 2024, a total of 288,103 vehicles were delivered, a year-on-year increase of 38.4%. Dongxing Securities pointed out that LI AUTO's L6 continued its strong performance, with monthly deliveries exceeding 20,000 vehicles for three consecutive months, demonstrating strong competitiveness in the price range of 200,000 to 300,000 yuan.
Changjiang Securities stated that the subsequent launch of new models will further improve LI AUTO's product matrix, enhance the overall sales volume space, and the combination of high unit selling price and economies of scale is expected to maintain a good profit level. It is expected that LI AUTO's sales volume will reach 530,000 vehicles in 2024. Pacific Securities, on the other hand, pointed out that the company's organizational upgrade has achieved initial commercial success