On July 28, LI AUTO-W rose 3.62% in regular trading, reaching HK$49.80 per share, with turnover of approximately HK$66.89 million.

The rally was driven by a combination of persistent large-scale share repurchases and robust product momentum. Since late May, the company has cumulatively repurchased approximately 62 million shares under its buyback authorization. On July 24 alone, the company bought back 534,000 shares at prices between US$6.03 and US$6.145, spending approximately US$3.25 million. The continuous buyback program signals management confidence in the company's intrinsic value.

On the product front, the Li i6 has achieved over 20,000 monthly sales for four consecutive months, with its 160,000th unit rolling off the production line on July 21. The new-generation Li L6, priced at RMB 249,800, began first deliveries on July 20. Morgan Stanley reiterated its Overweight rating with a target price of HK$78.5, citing expanded competitiveness in the five-seat SUV segment. Additionally, the Li L9 surpassed 300,000 cumulative deliveries and commenced localized assembly production in Kazakhstan.

Within the Automobile Manufacturers sector, the overall sector traded higher. Among peers, XPENG-W rose 1.96%, LEAPMOTOR rose 1.62%, GEELY AUTO rose 1.38%, BYD COMPANY rose 1.02%, and GWMOTOR rose 0.9%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)