Li Auto's 3Q Deliveries Outlook Seems Achievable -- Market Talk

Dow Jones09-04

0912 GMT - Li Auto's 3Q sales outlook is achievable, Deutsche Bank analyst Bin Wang writes in a note. The Chinese automaker has guided for deliveries of 145,000-155,000 units in 3Q, implying sales of 46,000-56,000 units in September, Wang says. As the company expects FY delivery to exceed 500,000 units, that would imply a record-high quarterly delivery in 4Q of more than 156,000 units, he adds. The company's recent volume growth has been driven by its expanding sales distribution network and a boost from the Chinese government's vehicle trade-in subsidy, Wang says. Deutsche maintains a buy rating on the stock, which last closed at HK$74.05. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

September 04, 2024 05:12 ET (09:12 GMT)

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The company's recent volume growth has been driven by its expanding sales distribution network and a boost from the Chinese government's vehicle trade-in subsidy, Wang says. Deutsche maintains a buy rating on the stock, which last closed at HK$74.05. 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The Chinese automaker has guided for deliveries of 145,000-155,000 units in 3Q, implying sales of ...</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":"EVS.SI","symbol_name":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2464832598","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2464832598","pubTimestamp":1725441120,"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":"0912 GMT - Li Auto's 3Q sales outlook is achievable, Deutsche Bank analyst Bin Wang writes in a note. The Chinese automaker has guided for deliveries of 145,000-155,000 units in 3Q, implying sales of 46,000-56,000 units in September, Wang says. As the company expects FY delivery to exceed 500,000 units, that would imply a record-high quarterly delivery in 4Q of more than 156,000 units, he adds. The company's recent volume growth has been driven by its expanding sales distribution network and a boost from the Chinese government's vehicle trade-in subsidy, Wang says. Deutsche maintains a buy rating on the stock, which last closed at HK$74.05. 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The company's recent volume growth has been driven by its expanding sales distribution network and a boost from the Chinese government's vehicle trade-in subsidy, Wang says. Deutsche maintains a buy rating on the stock, which last closed at HK$74.05. 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