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On Thursday, Jefferies analyst Johnson Wan revised the price target for Li Auto Inc (2015:HK) (NASDAQ:LI) shares, lowering it to HK$132.10 from the previous HK$145.80, while reaffirming a Buy rating on the stock. Wan’s commentary highlighted that Li Auto’s first quarter results for 2025 showed a revenue increase of 1.1% year-over-year to RMB25.9 billion. The company’s non-GAAP net profit stood at RMB1 billion, with a net profit of RMB646.6 million, meeting the analyst’s estimates.
The reported vehicle margin for Li Auto was 19.8%, exceeding Jefferies’ estimate of 19.3%. This positive performance indicator comes as the company prepares to introduce new models to the market. Wan noted the significance of Li Auto’s confirmation regarding the release of its i8 model, which will feature Vehicle-to-Load (VLA) capabilities, expected in July. This will be followed by the launch of the i6 model in September.
Li Auto’s steady financial performance and upcoming product launches seem to underpin Jefferies’ decision to maintain a Buy rating despite the adjusted price target. The introduction of the i8 and i6 models could potentially enhance the company’s market position and offer new growth opportunities.
Investors and market watchers will be looking forward to the impact of these new releases on the company’s market performance and financials in the second half of 2025. Li Auto’s continued innovation and expansion of its product lineup remain central to its strategy in the competitive electric vehicle market.
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