Li Auto is expected to see revenue continue rising over the next three years, Sealand Securities analyst Dai Chang says in a research note. Revenue growth is projected to reach 23%, 41% and 23% for 2024-2026, driven by strong performance from its L6 model and other new models, the analyst says. Key risks include potential price wars from intense industry competition, weak market demand and delays in new model launches, the analyst notes. Sealand Securities maintains a buy rating for the stock.
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