LI250110C24000
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Li Auto Newsroom
GF SEC: How to view the sales elasticity under the continued policy of replacing old Passenger Vehicles with new ones?
The scope of support for auto scrapping and updates has been expanded, with subsidies per vehicle remaining the same as in 2024. It is expected that terminal sales of passenger vehicles in 2025 may show a slight positive growth.
[Brokerage Focus] Changjiang Securities maintains a "Buy" rating on Ideal Autos (02015), citing that the high unit price combined with scale effects is expected to sustain a good level of profitability.
Jinwu Finance | Changjiang Securities released a Research Report indicating that Li Auto (02015) sold 58,513 vehicles in December, a year-on-year increase of 16.2% and a month-on-month increase of 20.1%. The cumulative sales from January to December reached 0.501 million vehicles, a year-on-year increase of 33.1%. In Q4 2024, Li Auto delivered 0.159 million vehicles, a year-on-year increase of 20.4% and a month-on-month increase of 3.8%, reaching the lower limit of Li Auto's previous quarterly sales guidance (160,000 to 170,000 vehicles). In terms of weekly data, Li Auto has maintained the first place in sales among new force brands in the Chinese market for 36 consecutive weeks.
Soochow: The old-for-new policy is implemented, and the Passenger Vehicle market is expected to remain highly prosperous in 2025.
The implementation of the scrapping/replacement policy shortens the policy gap and improves the waiting mood for end consumers regarding purchasing a vehicle, which will positively contribute to the recovery of Passenger Vehicle demand in Q1 2025 and the overall Passenger Vehicle consumption in 2025.
Ping An Securities: The policy for replacing old Autos with new ones is clear, and the stimulating effect will exceed that of 2024.
The impact of policies on auto sales in 2025 will be stronger than in 2024, combined with the Electric Vehicles purchase tax policy, there is a bullish sentiment regarding the stimulating effects of multiple overlapping policies on Electric Vehicles.
Hong Kong stock movement | Li Auto-W (02015) fell nearly 4% in early trading, recently launched a trade-in subsidy to cover entitlements. Major firms are concerned it may drag down first-quarter profits and trigger a price war.
Ideal Autos-W (02015) fell nearly 4% in early trading. As of the time of writing, it is down 3.22%, trading at 88.6 Hong Kong dollars, with a transaction volume of 0.574 billion Hong Kong dollars.
【Brokerage Focus】BOCOM INTL indicated that the scope of support for the Autos industry's trade-in program is further expanding. Attention is on subsequent policy intensification.
Jinwu Financial News | BOCOM INTL released a Research Report indicating that on January 8, 2025, the National Development and Reform Commission and the Ministry of Finance issued a notice on the "Implementation of Large-Scale Equipment Renewal and Consumer Replacement Policy for Old Products in 2025." The report points out that the scope of support for the scrapping and renewal of Autos has been further expanded. RBOB Gasoline Passenger Vehicles sold in the first year after the implementation of the National IV emission standard will be included in the eligible old vehicles for scrapping and renewal subsidies. The bank estimates that this extension of the scrapping and renewal support scope is approximately 11 million vehicles. Additionally, the policy to expedite the replacement of old electric bicycles is in progress. The new 3C certification standards for electric two-wheelers will be officially implemented in November 2024.
AI takes center stage! The CES Autos exhibition booths have transformed as many automakers strengthen their application of Asia Vets in smart cabins.
① BMW globally debuted its next-generation super sensory intelligent cockpit at the 2025 CES exhibition - featuring the innovative panoramic iDrive and BMW's new generation operating system X. ② ZEEKR also regards the 'intelligent cockpit' as one of the key highlights of its exhibition, announcing a partnership with Qualcomm to jointly develop future-oriented intelligent cockpits.
Bernstein Maintains Li Auto(LI.US) With Buy Rating, Cuts Target Price to $30
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Citi Maintains Li Auto(LI.US) With Hold Rating, Maintains Target Price $29.6
Li Auto's Strategic Incentive Adjustments and Moderate Growth Potential: A Hold Rating Analysis
China Renews Car Trade-in Subsidies, Analysts See More Benefit for Lower-priced NEV Makers
The strong become stronger! The fierce competition among car manufacturers has entered the elimination stage; who will come out on top in the end?
HSBC expects that the narrative of price wars and Industry consolidation will continue, as BYD and Tesla will further expand their competitive advantages through price wars, while companies with annual sales of less than 30,000 vehicles have a low chance of long-term survival.
Li Auto Sees 200,000th Li L6 Roll off Line
Annual sales exceeded 0.5 million vehicles. Why are Li Auto (LI.US/2015.HK) so aggressive?
If the competition in the past auto market was merely a rearrangement of the positions among traditional automakers, with the joining of numerous new car-making forces, the current market competition has evolved into a fierce battle of elimination.
Nvidia Highlights AI Chips Powering PUBG, Robotics 'ChatGPT Moment,' Automotive Expansion And More At CES Event
Insurance Registrations of Major Car Brands in China in 2024: Nio 205,300, Xiaomi 136,800, Tesla 659,400
China Galaxy Securities: The promotion and popularization of autonomous driving shows that the concentration of leading car manufacturers continues to increase.
Looking towards 2025, advanced intelligent driving will enter a period of accelerated popularization, with 'Asia Vets equality' bringing accelerated supply-side product iteration.
Cui Dongshu: In November, the retail sales of Electric Vehicles increased nearly 50% year-on-year, with strong growth momentum continuing.
In 2024, there will be intense changes in the domestic New energy Fund landscape, with the leading effects of traditional car manufacturers such as BYD, Geely, and Chery becoming increasingly evident, while the lower to mid-range segments remain relatively strong.
China EV Insurance Registrations by Brand for Week Ending Jan 5: Nio 3,000, Tesla 5,500, BYD 36,500