Li Auto (LI.US) rose more than 1% in pre-market trading, reporting $24.24. In the news, Li Auto announced that 58,513 Autos will be delivered in December 2024, a year-on-year increase of 16.2%, setting a new historical high. The total delivery volume for the entire year of 2024 is expected to reach 500,508 Autos.
Additionally, China International Capital Corporation published a report stating that the current market has differing expectations regarding Li Auto's capabilities in AI, long-term Global Strategy, and the 2025 pure electric cycle, maintaining an "outperform the Industry" rating with a Target Price of 128 Hong Kong dollars. The report indicates that the company believes General AI consists of three developmental stages: "enhancing my abilities," "becoming my assistant," and "silicon-based family." The company's self-developed end-to-end and VLM base model is anticipated to become the operating system + programming language of the AI era, thus achieving a first-mover advantage in commercialization and functionality deployment. (Gelonghui)
