Morgan Stanley's report stated that li auto inc (02015.HK) slightly exceeded expectations in the third quarter performance, mainly attributable to the contribution of gross margin brought by unexpected rebates from suppliers. Without this factor, the performance would have been in line with the bank's forecast.

The report pointed out that during the performance conference call, the management emphasized the company's roadmap in autonomous driving technology, and in the current market environment, prioritizing profitability over production volume, which the bank welcomed. The bank's main reservation about li auto inc lies in its new car models, especially the BEV models in 2025, which lack visibility. The report believes that the lack of visibility in its new product strategy is a major obstacle to the stock price.

The bank raised the target price for li auto inc Hong Kong stock from 76 yuan to 86 yuan. The top preferences in the industry include byd company limited (01211.HK), XPeng-W (09868.HK), geely auto (00175.HK), and then nio inc -SW (09866.HK).