Market Insight | Li Auto-W rose more than 4% as cumulative orders exceeded 41,000 units during the L6 initial sales period
Li Auto-W rose more than 4%, as of the deadline, it rose 3.6% to HKD 115, with a turnover of HKD 4.61 billion. On the news front, according to the official Weibo account of Li Auto, during the first sales period from April 18 to May 5, the cumulative orders for Li ONE have exceeded 41,000 units. In addition, in April 2024, the company delivered 25,787 new vehicles, a year-on-year increase of 0.4%. In the first four months of 2024, the company has delivered a total of 106,187 vehicles, a year-on-year increase of 35.7%. Ping An Securities pointed out that the company still maintains a healthy gross profit margin and sufficient cash on hand, with sufficient reserves. The company has a strong say in the high-end new energy vehicle market above 300,000 yuan, and the sales elasticity of L6 after listing and price reduction is still significant. Considering that the company's valuation has experienced a significant decline, the bank still maintains a "buy" rating on the company
According to the information from the Wise Finance APP, Li Auto-W (02015) rose by more than 4%, as of the time of publication, it rose by 3.6% to HKD 115, with a turnover of HKD 4.61 billion.
On the news front, according to the official Weibo account of Li Auto, during the first sales period from April 18 to May 5, the cumulative orders for Li ONE have exceeded 41,000 units. In addition, in April 2024, the company delivered 25,787 new vehicles, a year-on-year increase of 0.4%. In the first four months of 2024, the company has delivered a total of 106,187 vehicles, a year-on-year increase of 35.7%.
Ping An Securities pointed out that the company still maintains a healthy gross profit margin and sufficient cash on hand. With sufficient reserves, the company has a strong presence in the high-end new energy vehicle market above 300,000 RMB. The elasticity of the company's sales volume remains significant after the listing and delivery of the Li ONE and the subsequent price reduction. Considering that the company's valuation has experienced a significant decline, the firm still maintains a "buy" rating on the company