<blockquote>
<ul>
<li>市場對理想汽車最新更新的理想 L9 車型反應平淡，導致其港股股價大跌 13%。</li>
<li>花旗集團表示，新車型並非顛覆性產品，而摩根士丹利則看到了其提升銷量的潛力。</li>
</ul>
</blockquote><p><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051802403293.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051802403293.jpg"/></p><p>（2026 年 4 月北京車展上展示的理想 L9 Livis。圖片來源：CnEVPost）</p><p>理想汽車（HKEX: 2015）在其更新版理想 L9 旗艦 SUV（運動型多用途車）發佈後股價大跌，因為投資者似乎對這款旨在重振銷售勢頭的新車型缺乏信心。</p><p>截至目前，理想汽車在港股價已下跌 13%，至每股 65.75 港元，創下近幾個月來最大的盤中跌幅之一。</p><p>這家汽車製造商於 5 月 15 日正式發佈了更新版的理想 L9，新增高端 Livis 版本，起售價為 509,800 元（74,862 美元）。</p><p>加入我們的 Telegram 或 Google News</p><p>理想 L9 Livis 的最終定價比其預售價低 50,000 元。升級後的 Ultra 版本起售價為 459,800 元。</p><p>花旗分析師在一份報告中指出，升級後的 L9 並非顛覆性產品。他們認為，其實際性價比僅與同類產品持平。</p><p><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051802402678.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051802402678.jpg"/></p><p>花旗預計，理想 L9 Livis 版本月銷量為 1,000 輛，Ultra 版本為 4,000 輛。該行維持對該公司 “中性” 評級。</p><p>相比之下，摩根士丹利對該車型持更積極看法。該行認為，更新後的理想 L9 對於理想汽車重拾銷售勢頭至關重要。</p><p>摩根士丹利預計，新款理想 L9 的月銷量將超過去年的平均水平。然而，該行警告稱，六座 SUV 市場競爭激烈，幾乎不容許任何執行失誤。</p><p>理想 L9 Livis 配備了兩顆由理想汽車自主研發的智能駕駛芯片。這為車輛應對複雜路況提供了強大的計算能力。</p><p>新車搭載理想汽車第三代增程器和 72.7 千瓦時電池組。在滿油滿電狀態下，其綜合續航里程可達 1,650 公里。</p><p>理想汽車計劃於 2026 年第三季度推出理想 L9 的國際版，首批將登陸中亞和中東等海外市場。</p><p>理想 L9 最初於 2022 年發佈，曾是國內車企最昂貴的車型之一。隨着競品增多，去年該車型的交付量同比下滑近一半。</p><p><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051509491597-768x432.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051509491597-768x432.jpg"/></p><p>理想汽車推出更新版 L9 以重振旗艦 SUV 銷量，國際版將於第三季度推出</p><p>理想汽車重點推出了高端的理想 L9 Livis 版本，起售價為 509,800 元（74,940 美元），比其預售價低 9%。</p><p>（1 美元 = 6.8099 元人民幣）</p>

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<p>理想汽車發佈新款 L9 SUV 後，其在港股價下跌 13%，反映出市場反應平淡。花旗分析師認為該車型並非顛覆性產品，預測 Livis 版本月銷量為 1,000 輛。相比之下，摩根士丹利看到了銷售復甦的潛力，但警告稱競爭將十分激烈。新款 L9 配備了先進技術，旨在重獲市場關注，國際版預計將於 2026 年第三季度推出</p>

<blockquote>
<ul>
<li>Li Auto tumbles 13% in Hong Kong on a muted market response to its newly updated Li L9 model.</li>
<li>Citi said the new model is not a game changer, while Morgan Stanley sees its potential to boost sales.</li>
</ul>
</blockquote>
<div class="lb-trans"><blockquote>
<ul>
<li>市場對理想汽車最新更新的理想 L9 車型反應平淡，導致其港股股價大跌 13%。</li>
<li>花旗集團表示，新車型並非顛覆性產品，而摩根士丹利則看到了其提升銷量的潛力。</li>
</ul>
</blockquote></div><p><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051802403293.jpg" alt="" original-src="https://cnevpost.com/wp-content/uploads/2026/05/2026051802403293.jpg"/></p>
<p>(A Li L9 Livis on display at the Beijing Auto Show in April 2026. Image credit: CnEVPost)</p>
<div class="lb-trans"><p>（2026 年 4 月北京車展上展示的理想 L9 Livis。圖片來源：CnEVPost）</p></div><p>Shares of Li Auto (HKEX: 2015) plunged following the launch of its updated Li L9 flagship SUV (sport utility vehicle), as investors appeared unconvinced by the new model aimed at reviving sales momentum.</p>
<div class="lb-trans"><p>理想汽車（HKEX: 2015）在其更新版理想 L9 旗艦 SUV（運動型多用途車）發佈後股價大跌，因為投資者似乎對這款旨在重振銷售勢頭的新車型缺乏信心。</p></div><p>Li Auto shares in Hong Kong have tumbled 13% to HK$65.75 apiece so far, marking one of its steepest intraday drops in recent months.</p>
<div class="lb-trans"><p>截至目前，理想汽車在港股價已下跌 13%，至每股 65.75 港元，創下近幾個月來最大的盤中跌幅之一。</p></div><p>The automaker officially rolled out the updated Li L9 on May 15, adding a higher-end Livis version with a starting price of 509,800 yuan ($74,862).</p>
<div class="lb-trans"><p>這家汽車製造商於 5 月 15 日正式發佈了更新版的理想 L9，新增高端 Livis 版本，起售價為 509,800 元（74,862 美元）。</p></div><p>Join us on  Telegram  or  Google News</p>
<div class="lb-trans"><p>加入我們的 Telegram 或 Google News</p></div><p>The final pricing for the Li L9 Livis is 50,000 yuan lower than its pre-sales price. The upgraded Ultra version starts at 459,800 yuan.</p>
<div class="lb-trans"><p>理想 L9 Livis 的最終定價比其預售價低 50,000 元。升級後的 Ultra 版本起售價為 459,800 元。</p></div><p>Citi analysts noted in a report that the upgraded L9 is not a game changer. They believe its actual value-for-money merely aligns with that of its peers.</p>
<div class="lb-trans"><p>花旗分析師在一份報告中指出，升級後的 L9 並非顛覆性產品。他們認為，其實際性價比僅與同類產品持平。</p></div><p><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051802402678.jpg" alt="" original-src="https://cnevpost.com/wp-content/uploads/2026/05/2026051802402678.jpg"/></p>
<p>Citi expects monthly sales of 1,000 units for the Li L9 Livis and 4,000 units for the Ultra version. The bank maintained its &#34;Neutral&#34; rating on the company.</p>
<div class="lb-trans"><p>花旗預計，理想 L9 Livis 版本月銷量為 1,000 輛，Ultra 版本為 4,000 輛。該行維持對該公司 “中性” 評級。</p></div><p>Morgan Stanley held a more positive view on the model by contrast. The bank believes the updated Li L9 is crucial for Li Auto to regain sales momentum.</p>
<div class="lb-trans"><p>相比之下，摩根士丹利對該車型持更積極看法。該行認為，更新後的理想 L9 對於理想汽車重拾銷售勢頭至關重要。</p></div><p>Morgan Stanley expects monthly sales of the new Li L9 to surpass last year's average. However, the bank warned of fierce competition in the six-seat SUV market, leaving almost no room for execution missteps.</p>
<div class="lb-trans"><p>摩根士丹利預計，新款理想 L9 的月銷量將超過去年的平均水平。然而，該行警告稱，六座 SUV 市場競爭激烈，幾乎不容許任何執行失誤。</p></div><p>The Li L9 Livis is equipped with two smart driving chips developed in-house by Li Auto. This provides the vehicle with powerful computing capabilities for complex road conditions.</p>
<div class="lb-trans"><p>理想 L9 Livis 配備了兩顆由理想汽車自主研發的智能駕駛芯片。這為車輛應對複雜路況提供了強大的計算能力。</p></div><p>The new vehicle features Li Auto's third-generation range extender and a 72.7 kWh battery pack. Its combined range can reach up to 1,650 kilometers on a full charge and a full tank.</p>
<div class="lb-trans"><p>新車搭載理想汽車第三代增程器和 72.7 千瓦時電池組。在滿油滿電狀態下，其綜合續航里程可達 1,650 公里。</p></div><p>Li Auto plans to launch an international version of the Li L9 in the third quarter of 2026, with the first batch landing in overseas markets including Central Asia and the Middle East.</p>
<div class="lb-trans"><p>理想汽車計劃於 2026 年第三季度推出理想 L9 的國際版，首批將登陸中亞和中東等海外市場。</p></div><p>The Li L9 was initially launched in 2022 and was once one of the most expensive models from a domestic automaker. As rival products increased, the model's deliveries slumped by nearly half year-on-year last year.</p>
<div class="lb-trans"><p>理想 L9 最初於 2022 年發佈，曾是國內車企最昂貴的車型之一。隨着競品增多，去年該車型的交付量同比下滑近一半。</p></div><p><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051509491597-768x432.jpg" alt="" original-src="https://cnevpost.com/wp-content/uploads/2026/05/2026051509491597-768x432.jpg"/></p>
<p>Li Auto launches updated L9 to revive flagship SUV sales, international version to roll out in Q3</p>
<div class="lb-trans"><p>理想汽車推出更新版 L9 以重振旗艦 SUV 銷量，國際版將於第三季度推出</p></div><p>Li Auto highlighted the higher-end L9 Livis, starting at 509,800 yuan ($74,940), which is 9% lower than its pre-sales price.</p>
<div class="lb-trans"><p>理想汽車重點推出了高端的理想 L9 Livis 版本，起售價為 509,800 元（74,940 美元），比其預售價低 9%。</p></div><p>($1 = 6.8099 yuan)</p>
<div class="lb-trans"><p>（1 美元 = 6.8099 元人民幣）</p></div>

Li Auto shares plunge in Hong Kong after updated L9 SUV launch

- 理想汽車在香港股市上跌幅達 13%，投資者對新款 L9 SUV 反應冷淡。  
- Citi 認為新款 L9 不會改變市場格局，預計月銷達 1,000 台。  
- 摩根士丹利則看好新款 L9 對銷售的推動潛力。

CnEVPost

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理想汽車發佈新款L9 SUV後，港股股價大跌