Morgan Stanley: Li Auto-Wi8 pricing is a positive surprise, reiterates "Overweight" rating
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JP Morgan released a research report stating that Li Auto-W has launched its long-awaited electric sports utility vehicle (SUV) i8, with a price range of RMB 321,800 to RMB 369,800. The bank believes the pricing is a positive surprise, as it is 8% lower than the announced pre-sale price. The entry-level model of the i8 is priced the same as its L8 extended-range electric vehicle, but the high-end version is about RMB 10,000 higher than the L8. The bank reiterated its positive view on Li Auto and expects strong performance in the second half of the year, maintaining an "Overweight" rating and a target price of HKD 135
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