According to the Wise News app, Li Auto Inc-W (02015) fell more than 4% in the afternoon, hitting a new low of HKD 70.7 since the end of November 2022. As of the press time, it fell 3.72%, at HKD 71.2, with a turnover of HKD 319 million.

On the news front, in early June, some Li Auto employees stated that after a month of massive layoffs, Li Auto is recalling some of the key positions that were laid off. In addition, MEGA, which was listed on March 1st, did not perform as expected, and on March 21st, Li Auto adjusted its first-quarter and full-year sales targets. Third-party statistics show that as of April 30th, MEGA's cumulative sales were 4374 units. Among them, the sales in April were only 1145 units, far from Li Auto's original plan of nearly 6000 units per month.

JPMorgan stated that the current stock price of Li Auto reflects the potential for growth in the next 6-9 months, as well as the unfavorable factors of sales and profit margins, and initially gave a "neutral" rating with a target price of HKD 82. The bank believes that the favorable factors for Li Auto are decreasing and the bearish factors are increasing. Given the inherent fierce competition in the pure electric vehicle market, Li Auto recently expanded its product portfolio to pure electric vehicles, which poses challenges. However, extended-range electric vehicles + plug-in hybrid electric vehicles are expected to continue to achieve faster growth.