Li Auto Appears to Have Limited Catalysts in Near Term -- Market Talk

Dow Jones

01/16

0301 GMT - Macquarie reckons investors should wait to buy Li Auto despite its recent share price decline. The company's management needs a substantial strategic change to tell a turnaround story to investors, says analyst Eugene Hsiao in a note. Such changes could include a credible move into new product categories or cash shareholder return, he adds. In the absence of such a change, Macquarie maintains its underperform rating on the stock. Near-term catalysts for Li Auto's volume growth also appear limited given severe competition in the premium SUV market and lower EV registration tax incentive, he says. The brokerage cuts its target price to HK$59.00 from HK$66.00. Shares last at HK$64.15. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

January 15, 2026 22:01 ET (03:01 GMT)

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The company's management needs a substantial strategic change to tell a turnaround story to investors, says analyst Eugene Hsiao in a note. Such changes could include a credible move into new product categories or cash shareholder return, he adds. In the absence of such a change, Macquarie maintains its underperform rating on the stock. Near-term catalysts for Li Auto's volume growth also appear limited given severe competition in the premium SUV market and lower EV registration tax incentive, he says. The brokerage cuts its target price to HK$59.00 from HK$66.00. Shares last at HK$64.15. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 15, 2026 22:01 ET (03:01 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Li Auto Appears to Have Limited Catalysts in Near Term -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLi Auto Appears to Have Limited Catalysts in Near Term -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2026-01-16 11:01</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0301 GMT - <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> reckons investors should wait to buy <a href=\"https://laohu8.com/S/LAAOF\">Li Auto</a> despite its recent share price decline. The company's management needs a substantial strategic change to tell a turnaround story to investors, says analyst Eugene Hsiao in a note. Such changes could include a credible move into new product categories or cash shareholder return, he adds. In the absence of such a change, Macquarie maintains its underperform rating on the stock. Near-term catalysts for Li Auto's volume growth also appear limited given severe competition in the premium SUV market and lower EV registration tax incentive, he says. The brokerage cuts its target price to HK$59.00 from HK$66.00. Shares last at HK$64.15. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 15, 2026 22:01 ET (03:01 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4099","symbol_name":"汽車製造商","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2603995516","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2603995516","pubTimestamp":1768532460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0301 GMT - Macquarie reckons investors should wait to buy Li Auto despite its recent share price decline. The company's management needs a substantial strategic change to tell a turnaround story to investors, says analyst Eugene Hsiao in a note. Such changes could include a credible move into new product categories or cash shareholder return, he adds. In the absence of such a change, Macquarie maintains its underperform rating on the stock. Near-term catalysts for Li Auto's volume growth also appear limited given severe competition in the premium SUV market and lower EV registration tax incentive, he says. The brokerage cuts its target price to HK$59.00 from HK$66.00. Shares last at HK$64.15. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4099":"汽车制造商","LI":"理想汽车","BK4526":"热门中概股","BK4588":"碎股","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","BK4548":"巴美列捷福持仓","BK4563":"昨日强势股","BK4585":"ETF&股票定投概念","BK4503":"景林资产持仓","BK4551":"寇图资本持仓","BK4555":"新能源车","02015":"理想汽车-W"},"translate_title":"理想汽车近期的催化剂似乎有限——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EVS.SI":0.6,"LI":1.96,"02015":1.96},"content_text":"0301 GMT - Macquarie reckons investors should wait to buy Li Auto despite its recent share price decline. The company's management needs a substantial strategic change to tell a turnaround story to investors, says analyst Eugene Hsiao in a note. Such changes could include a credible move into new product categories or cash shareholder return, he adds. In the absence of such a change, Macquarie maintains its underperform rating on the stock. Near-term catalysts for Li Auto's volume growth also appear limited given severe competition in the premium SUV market and lower EV registration tax incentive, he says. The brokerage cuts its target price to HK$59.00 from HK$66.00. Shares last at HK$64.15. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 15, 2026 22:01 ET (03:01 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}