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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.