Li Auto's Profit Margins Likely Pressured After Price Cuts -- Market Talk

Dow Jones04-23

0606 GMT - Li Auto's gross profit margin may be pressured further, Deutsche Bank analysts Edison Yu and Bin Wang write in a note. Its sales volume has been trending toward the low end of its guidance this year, and the analysts think its goal of maintaining a 20% margin may be hard to achieve. The Chinese electric-vehicle maker cut prices for its L-series plug-in hybrid models and pure EV Mega on Monday. It is facing intensifying competition from the Huawei-backed Seres EVs with Huawei launching a new M5 model later today, most likely priced lower compared with Li's L6 model, the analysts add. Deutsche Bank maintains a buy rating on the stock; shares were last down 0.5% at HK$97.00. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

April 23, 2024 02:06 ET (06:06 GMT)

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Its sales volume has been trending toward the low end of its guidance ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4563","symbol_name":"昨日强势股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2429515355","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429515355","pubTimestamp":1713852360,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0606 GMT - Li Auto's gross profit margin may be pressured further, Deutsche Bank analysts Edison Yu and Bin Wang write in a note. 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