From the perspective of stock replacement, the market above 300,000 yuan will gradually shrink, as the middle class's sensitivity to the economy will gradually become apparent in the second half of 2024.
The range of L6 (200,000-300,000 yuan) is actually about upgrading from a small car to a larger one, so we will continue to focus on the 200,000-300,000 yuan range that the middle class can accept.
Currently, Aito and Li Auto are not in strong competition theoretically, as their price ranges do not overlap significantly, and their target audiences are different.
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