According to the report released by Morgan Stanley, they maintain their "shareholding" rating on LI Auto Inc. (02015) and believe there is a 70% to 80% chance that the stock price will rise within the next 15 days, with a target price of HKD 205, making short-term valuation more attractive.

It is worth noting that Seres announced the acquisition of the trademark and patent of Aito from its strategic partner Huawei. Morgan Stanley believes that this is the first step in changing the competitive landscape, as the Aito brand and product have long been viewed as a key component of the LI Auto L-series, which the bank believes could be beneficial for LI Auto. In addition, according to recent surveys, last week's weekly order volume reached 10,000, which means that sales of L6 and L7/9 have rebounded, supporting July's sales.