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<Research>M Stanley: Li Auto Inc. (LI.US) L6 Launch Has No Surprise
Recommend 6 Positive 10 Negative 9 |
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There are no surprises in the launch of L6 model by Li Auto Inc. (LI.US). L6 was not priced lower than its local comparable, but additional incentives for early birds and competitive configurations still suggest that L6 is still competitive, and likely to meet the Company's single month sales target of over 15,000 to 20,000 units, Morgan Stanley issued a research report saying. Li Auto Inc.'s full-year sales target is 560,000 to 640,000 units, Morgan Stanley said. Investors may want to keep a close eye on initial orders for the rest of the L-series products, as well as market feedback and potential promotions, which are critical to gross profit margins. Morgan Stanley rated Li Auto Inc. at Overweight, with a target price of US$65. AAStocks Financial News |
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