Understanding the Market | Li Auto-W fell over 3% again, with June delivery volume down 24% year-on-year, having previously lowered its second-quarter guidance
Li Auto-W fell over 3% again, as of the time of writing, down 3.08%, reported at HKD 103.7, with a transaction volume of HKD 456 million. In terms of news, Li Auto delivered 36,279 new vehicles in June, a year-on-year decrease of 24% and a month-on-month decrease of 11.2%; a total of 111,000 vehicles were delivered in the second quarter. The family six-seat pure electric SUV Li Auto i8 will be launched in July, and the family five-seat pure electric SUV Li Auto i6 will be launched in September. Notably, Li Auto previously announced that the company now expects to deliver approximately 108,000 vehicles in the second quarter of 2025, down from its earlier delivery outlook of 123,000 to 128,000 vehicles. Morgan Stanley believes that the company's guidance downgrade has largely been reflected in the poor performance of Li-H over the past three weeks. Morgan Stanley pointed out that the latest second-quarter guidance being lower than their expectations is attributed to adjustments in the sales system, which led to minor hiccups in the delivery of the L series revamp. The firm believes that the stock price movement of Li Auto will largely depend on the company's remedial measures to boost L series sales, and more significantly on the successful launch of the i8 in July
According to Zhitong Finance APP, Li Auto-W (02015) has fallen over 3% again, down 3.08% as of the time of writing, priced at HKD 103.7, with a transaction volume of HKD 456 million.
In terms of news, Li Auto delivered 36,279 new vehicles in June, a year-on-year decrease of 24% and a month-on-month decrease of 11.2%; a total of 111,000 vehicles were delivered in the second quarter. The family six-seat pure electric SUV Li Auto i8 will be launched in July, and the family five-seat pure electric SUV Li Auto i6 will be launched in September. It is worth noting that Li Auto previously announced that the company now expects to deliver approximately 108,000 vehicles in the second quarter of 2025, down from its earlier delivery outlook of 123,000 to 128,000 vehicles.
Morgan Stanley believes that the company's guidance downgrade has largely been reflected in the poor performance of Li Auto over the past three weeks. Morgan Stanley pointed out that the latest second-quarter guidance being lower than their expectations is attributed to adjustments in the sales system, which led to minor hiccups in the delivery of the L series. The firm believes that the stock price trend of Li Auto will largely depend on the company's remedial measures to boost L series sales, and more significantly on the successful launch of the i8 in July
