Li Auto-W (02015) rose more than 3%, reaching 3.6% as of press time to HK$44.9, with a turnover of HK$26.9513 million.
On the news front, Li Auto recently officially launched the Lianshan battery assurance plan at the Power Day Li Auto electric technology launch event.
Morgan Stanley noted that the company introduced the Lianshan platform, integrating self-developed batteries, electric drive, and charging systems, and providing lifetime battery fire assurance under qualifying conditions, as well as ensuring battery health of no less than 75% after eight years or 160,000 kilometers; the 5C battery and silicon carbide electronic components are designed to accelerate charging and reduce costs.
The bank believes that vertical integration is expected to improve reliability and reduce dependence on suppliers, but reliance on the Sunwoda joint venture, chip sales still being in an early stage, and warranty risks remain key variables.
The Li Auto i6 facelift scheduled for October 28 will feature the 5C battery and MACH chip, with pricing, orders, and delivery execution set to determine the 2027 sales upside potential and market sentiment; positive real-vehicle feedback/test drives and a smooth ramp-up are the main catalysts.
The company's management has made "power plus computing" its core strategic focus to support embodied intelligence development; the bank holds a positive long-term view on the company, though it believes the impact on short-term profitability will be limited.
Comments