Understanding the Market | Li Auto-W opened down over 9%, with the starting price of the Li i8 at 320,000, lower than the previously announced pre-sale price

Li Auto-W opened down over 9%, as of the time of publication, down 9.09%, reported at HKD 109, with a transaction volume of HKD 96.4105 million. In terms of news, on the evening of July 29, Li Auto's first pure electric SUV - the Li Auto i8 was officially launched. The i8 is positioned in the mid-to-large luxury family market, with main competitors including Aito M9 electric version, Tesla Model X, and Nio ES8. The Li Auto i8 has launched 3 configuration models, with an official guidance price ranging from 321,800 to 369,800 yuan, lower than the previously announced pre-sale price of 350,000 to 400,000 yuan. It is reported that the Li Auto i8 will begin delivery on August 20 of this year