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[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.
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.
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
Li Auto Achieves 200,000 Units Of Li L6 SUV Production: Report