0353 GMT - Li Auto's 2025 deliveries could rise by 40% to 700,000 units, Deustche Bank analyst Bin Wang says in a research note. The Chinese EV maker's December delivery figures were boosted by front-loaded demand over concern the 20,000 yuan trade-in subsidy per unit expiring in 2025, Wang notes. The three-year zero interest finance program and the expansion of its retail network also contributed to the record-high monthly deliveries, the analyst says. Li Auto is expected to launch the i6, a large-size pure electric SUV in mid-2025 with a price range of 200,000 yuan to 250,000 yuan. The company's growing network of super charging stations is likely to provide a strong foundation for the expansion of pure-electric vehicle sales, he adds. Li Auto's H shares are last 2.2% higher at HK$95.95. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
January 02, 2025 22:53 ET (03:53 GMT)
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