Rebuilt position in Li Auto

As mentioned before, different from mainstream views, I remain optimistic about the I8 as a solid family vehicle under the premise of improving charging infrastructure.

Though its sales may not match Xiaomi YU7's, Li Auto has its unique positioning targeting middle-class family-oriented dads. Judging it solely by design while ignoring user scenarios seems overly hasty.

I believe Li Auto is worth at least HKD 400 billion, though its undervaluation is understandable given strong competitors.

After listening to Horizon Robotics founder Dr. Yu Kai's comments on Li Xiang, it's clear that post their funding "darkest hour", Li and his team have iterated rapidly. The L-series' success proves their profound product/commercial insights.

A new SUV matrix is forming with XPeng G-series, Li Auto I-series, and Xiaomi YU7, offering budget-based choices. All three founders have demonstrably invested heavily in quality vehicles.

Standardized charging interfaces would benefit all users: Xiaomi enables traffic, while XPeng/Li offer first-mover energy replenishment advantages - a win-win.

As Lei Jun often states: "Raise industry standards collectively for NEV development." Shared values enable "XPeng-Li-Xiaomi" to purify the auto ecosystem through complementary strengths.

$LI AUTO-W(02015.HK)$Li Auto(LI.US)