HK Stock Market Move | LI AUTO (02015) rose more than 3%, the company, as a pioneer in extended-range vehicles, benefits even more, with its advantage in intelligent driving becoming increasingly evident.

Li Auto (02015) rose more than 3%, as of the press release, it rose 3.11% to HK$89.45 with a turnover of HK$4.63 billion. Ping An Securities issued a research report indicating that the price center of major competing products in 2025 may continue to rise, with limited impact on Li Auto's extended-range basic platform L6/L7. The trend of expanding the market for extended-range vehicles is clear, and Li Auto, as a pioneer in extended-range vehicles, stands to benefit more. The firm believes that Li Auto has several measures to cope with competition in 2025: 1) production capacity of L6 will be increased, with sales expected to increase by more than 50% year-on-year; 2) current L models can be upgraded in at least three aspects: battery systems, intelligent driving, and comfort configurations. The firm also mentioned that Li Auto has a high retention rate for smart driving vehicles, with fast iteration speeds, and was one of the first to fully deploy smart driving functions from parking spot to parking spot. The company's current comprehensive MPI (urban + highway single takeover interval mileage) is expected to reach 100 kilometers. According to the company's plan, by 2025 or 2026, the MPI will increase to 500 kilometers, or even more than 1000 kilometers. The firm believes that by 2025, the company will have multiple cards in hand and will be able to adapt flexibly to new situations.