Understanding the Market | Li Auto-W plummeted nearly 14% as the Li L9 Ultra and Livis models were launched; Citigroup rated the new models overall as neutral
Li Auto-W plummeted nearly 14%, as of the time of writing, down 13.69%, reported at HKD 65.25, with a transaction volume of HKD 2.178 billion. In terms of news, Li Auto recently officially launched its flagship SUV with embodied intelligence—the all-new generation Li Auto L9. The new vehicle offers two versions: the Ultra version and the Livis version, with a nationwide unified retail price of RMB 459,800 for the Ultra version and RMB 509,800 for the Livis version, officially starting deliveries on May 17. Citigroup released a research report stating that the final pricing of the L9 Livis version is RMB 70,000 lower than the pre-sale price. Although this seems surprising, the bank believes its actual cost-performance ratio is only on par with competitors of the same level and is not a game changer, expecting monthly sales of the L9 Livis to reach 1,000 units. As for the price difference of RMB 50,000 between the L9 Ultra version and the Livis version, the overall pricing is neutral, with expected monthly sales reaching 4,000 units. Overall, Citigroup believes the launch of the L9 Ultra and Livis is a neutral outcome
According to Zhitong Finance APP, Li Auto-W (02015) plummeted nearly 14%, as of the time of writing, down 13.69%, priced at HKD 65.25, with a transaction volume of HKD 2.178 billion.
In terms of news, Li Auto recently officially launched its flagship SUV with embodied intelligence—the all-new generation Li Auto L9. The new vehicle offers two versions: the Ultra version and the Livis version, with a nationwide unified retail price of RMB 459,800 for the Ultra version and RMB 509,800 for the Livis version, officially starting deliveries on May 17.
Citigroup released a research report stating that the final pricing of the L9 Livis version is RMB 70,000 lower than the pre-sale price. Although this seems surprising, the bank believes its actual cost-performance ratio is only on par with competitors of the same level and is not a game changer, expecting monthly sales of the L9 Livis to reach 1,000 units. As for the price difference of RMB 50,000 between the L9 Ultra version and the Livis version, the overall pricing is neutral, with expected monthly sales reaching 4,000 units. Overall, Citigroup considers the launch of the L9 Ultra and Livis to be a neutral outcome
