Daiwa: Ideal Car's New L6 Model Strengthens Competitive Position in the Five-seat SUV Segment, Reiterates "Buy" Rating.

Morgan Stanley research report states that Ideal Motors has launched a new L6 model with a single configuration selling for 249,800 yuan, which is highly attractive in the five-seat SUV market. The bank believes that the stronger functional configuration and price advantage will expand the appeal of the L6 to young families and consolidate its competitiveness in the five-seat SUV segment. The L6, along with the L8 and L9 models, are expected to support month-on-month growth in deliveries from July, and drive Ideal Motors' overall delivery volume to achieve year-on-year growth in the third quarter of 2026. The bank reiterates their "hold" rating on Ideal Motors, with a target price of 78.5 Hong Kong dollars.