Li Auto is likely to deliver 700,000 vehicles in 2025, 36% higher from 2024, Deutsche Bank analyst Bin Wang writes in a note.
The company plans to launch more full-electric vehicle products next year, including the i6 large-size SUV model, he adds.
The brokerage expects the company to launch the i6 SUV model in the middle of 2025, with a price ranging from 200,000 yuan to 250,000 yuan.
The product will likely target a fresh lower-priced segment for Li Auto as the company's product portfolio currently have price tags above 250,000 yuan, he says.
DB sees Li Auto delivering 630,000 hybrid cars and 70,000 full EVs. DB maintains buy rating for the stock.
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