0648 GMT - Li Auto may face a more challenging sales growth outlook ahead and a less-favorable risk-reward profile, Bernstein analysts write in a note. The carmaker's sales are being weighed by intensified competition and slowing growth in the industry, they say. Li Auto's L-series plug-in hybrid pipeline is experiencing declining sales amid aggressive new product launches from competitors. The company's high-end PHEV segment, which has enjoyed over 100% on-year growth for the past two years, is now expected to slow significantly, they add. Bernstein downgrades Li Auto to market-perform from outperform and cuts its ADR target to US$26.00 from US$33.00. It also trims its H-share target to HK$102.00 from HK$128.00. Li Auto's H-shares are last at HK$93.95. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
August 19, 2025 02:48 ET (06:48 GMT)
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