1006 GMT - Li Auto's new electric-vehicle models will likely drive volume growth in 2H, HSBC Global Research analysts write in a note. The company is set to launch its second fully electric car in July and another by September, HSBC notes. MEGA, the company's first fully electric vehicle, has been gaining traction at the higher-end price range, which could lay the groundwork for volume potential at the lower end, HSBC says. However, the bank expects Li Auto's 2Q margin could soften marginally on changes in its model mix. HSBC cuts the target price on Li Auto's ADRs to $36.50 from $38.50. Shares last closed at $28.34. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
June 02, 2025 06:06 ET (10:06 GMT)
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