Market Insight | LI AUTO-W Surges Over 4% with Weekly Sales Volume Up Over 11%, Institutions Bullish on Continued Monthly Delivery Growth

Li Auto-W is now up more than 4%, as of the deadline, 3.69%, at HKD 73.05, with a turnover of HKD 195 million. On the news front, Li Auto officially released the sales data for the 25th week of 2024, with a weekly car sales volume of about 11,700 units, an increase of 11.4% compared to the previous week, ranking first in the "Market New Forces" brand sales for nine consecutive weeks in China. PuYin International stated that the sales momentum of the extended-range series models is performing well currently, and L9876 will drive the monthly delivery volume of Li Auto to continue to grow; after the first quarter report, Li Auto confirmed the delay of the pure electric SUV model to 1H25, releasing uncertainty; after adjustments based on company guidance and market expectations, the company's valuation and fundamentals have been adjusted successively. From a risk-return perspective, the current upside potential of Li Auto is greater than the downside risk