0405 GMT - Li Auto's refreshed L-series SUVs might deliver a more muted boost than previously as competition in China's premium SUV market intensifies, HSBC Global Research analysts say in a note. The updated L9 is off to a solid start, attracting about 10,000 orders in its first two weeks, with demand skewing toward higher-end variants. The launch of the refreshed L8 later this month should help boost sales volumes and product mix. HSBC expects deliveries and profitability to recover gradually in 2H 2026. However, it now expects Li Auto to post a loss in 2026, citing weaker volume expectations, lower revenue assumptions, margin pressure and a higher operating-expense ratio. HSBC keeps its hold rating on the stock and cuts its target price to $15.60 from $17.20. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
June 10, 2026 00:05 ET (04:05 GMT)
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