According to Zhongtong Finance, McKinsey released a research report stating that it rated li auto inc-W (02015) as "outperform" and lowered its target price to HKD 94. The company sold 109,000 vehicles in the second quarter, an increase of 35% quarterly and 25% year-on-year, trending towards monthly sales approaching 50,000 vehicles.

The bank pointed out that as the lower bound of the 2024 sales guidance is still high, namely, a year-on-year growth of 50% to 70%, this means that monthly sales will have to reach 62,500 vehicles without launching SUV BEVs to help boost sales.

Due to the challenging electric vehicle market, McKinsey reduced its sales forecasts for li auto inc in fiscal year 2024 and 2025 by 5% and 9%, respectively. Due to the downward revision in sales expectations, revenue forecasts for fiscal year 2025 were also reduced by 10%, and earnings per share forecasts were correspondingly lowered by 21%.