Negative Comments May Prompt Li Auto to Change Electric SUV Design, Deutsche Bank Says -- Market Talk

Dow Jones01-20

0412 GMT - Li Auto may change its electric SUV design completely given that the product's launch time has been delayed from 2024 to 1H this year, Deutsche Bank analyst Bin Wang writes in a note. After the company's Mega model received some negative comments on Chinese social media, the company may change its new SUV styling as it realizes the importance of vehicle design to consumers, Wang says. Li Auto launched its first overseas research and development center in Munich, Germany, which is a positive milestone for its global strategy, he adds. Deutsche Bank expects the company to book a net profit of CNY8.24 billion for 2024, thanks to margin expansion. DB maintains its buy rating for the stock with a target price of HK$150.00. Shares last at HK$89.90. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

January 19, 2025 23:12 ET (04:12 GMT)

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Li Auto launched its first overseas research and development center in Munich, Germany, which is a positive milestone for its global strategy, he adds. Deutsche Bank expects the company to book a net profit of CNY8.24 billion for 2024, thanks to margin expansion. DB maintains its buy rating for the stock with a target price of HK$150.00. Shares last at HK$89.90. 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