JPLIAUT@EP2606A

Li Auto to Implement Store Partnership Plan and Consider Closing Low-Efficiency Stores

JPMorgan Downgrades Li Auto's Rating and Target Price, Predicts Chinese Auto Market Trends

UBS Report Finds Li Auto's Valuation Attractive

Citibank Raises Li Auto's Target Price to $18.9

Li Auto Achieves Milestone of 4,000 Super Charging Stations and Plans to Launch New Model

JPMorgan Reduces Stake in Li Auto-WR

Canada Announces New Electric Vehicle Strategy Cooperation with China

Li Auto Unveils Next-Gen L9 with Advanced Specs

Li Xiang Announces the Launch of New Ideal L9 in 2026

Li Auto Delivered 27,668 Vehicles in January 2026 and Released OTA Update 8.2

Li Auto Delivered 27,668 Vehicles in January 2026

Li Xiang Announces Xioami's Full AI Deployment in 2026

LI CEO's VP Moves to Humanoid Robots from Autonomous Driving

LI Auto Delays Delivery of i6 SUV Due to Battery Supply and Offers Customers Incentives

Li Auto Delivered 30,000 Ideal MEGA

Li Xiang of Xideal Car Emphasizes AI Focus to Tackle Sales Slump

LI Auto Clarifies Rumors of Store Closures and Layoffs

CICC Maintains Buy Rating on Li Auto with a Target Price of HKD 100

Xiaomi's New L9 to Debut Self-developed ADAS Chip M100

Li Auto Reinstates Humanoid Robot R&D Initiative and Launches Job Recruitment

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RIDGE OUTDOOR

SYNAGISTICS

PROSP INV HOLD

HING LEE (HK)

ELEGANCEOPTICAL

CH ENV TECH&BIO

SHANGHAI QINGPU

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- Li Auto is set to launch its new flagship L9 model in Q2 2026, introducing a high-end version, L9Livis, priced at 559,800 yuan.  
- The new L9 aims to redefine user experience through advanced features, including an AI-driven "embodied intelligent" system and improvements in handling and battery performance.  
- With increasing competition in the large SUV segment, Li Auto seeks to regain market share and achieve sales targets by focusing on its strengths in extended-range vehicles.

Wallstreetcn

ChinaAMC CSI Hong Kong Connect Automobile Industry Thematic ETF

E Fund CSI Auto Components Thematic ETF

Guotai CSI 800 Automobile and Parts ETF

LI AUTO-W

Global X Autonomous & Electric V

Hua Xia CSI New Energy Vehicles ETF

Li Auto

First Trust S-Network Future Vehicles & Tech ETF

Hwabao WP CSI Intelligent Electric Vehicle ETF

Max Auto Industry 3X Leveraged ETN

Li Xiang hopes to win again

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The Nasdaq Golden Dragon China Index preliminarily rose by 0.2%. Among popular Chinese concept stocks, Century Internet and Daqo Energy both rose by 5.8%, CSI Solar rose by 5.7%, and Atour rose by 5.6%. In contrast, Bilibili fell by 2.4%, Nio and Li Auto both fell by 3.1%, and New Oriental EDU & Tech fell by 4.4%

Daqo Energy

CSI Solar

New Oriental EDU & Tech

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Li Auto (LI) stock fell over 3% after JPMorgan downgraded it to Sell, citing a lack of new models amid fierce competition in the Chinese EV market. Analyst Nick Lai lowered the price target from $18 to $14 and projected a 10% sales decline to 366,000 units. He also downgraded Nio and XPeng, adjusting their price targets but maintaining Buy ratings, anticipating losses for both in 2026. Wall Street remains cautious on Li Auto while being optimistic about Nio and XPeng's growth potential.

- Li Auto's stock fell over 3% after JPMorgan downgraded it to Sell, citing a lack of new models and intense competition in the Chinese EV market.  
- Analyst Nick Lai expects Li Auto's sales to decline by about 10% this year, anticipating a possible loss due to price cuts and increased costs, while lowering Nio and XPeng's targets but keeping them rated as Buy.  
- Wall Street remains cautiously optimistic on Nio and XPeng, seeing greater potential in XPeng compared to Li Auto, which is viewed less favorably.

Tip Ranks

XPeng

NIO-SW

XPENG-W

Li Auto Stock (LI) Falls as JPMorgan Turns Bearish, Cites 'Lack of Major New Models'

UBS released a research report, stating that Li Auto's current valuation is attractive, with the trading price being below 95% of the time since its listing, and net cash accounting for about two-thirds of its market value. The flagship SUV L9 is set to be relaunched in the second quarter, which is expected to drive growth. Despite facing challenges from rising costs, UBS believes the company is resilient and reiterates a "Buy" rating with a target price of $30

AASTOCKS

UBS: Li Auto L9 refresh imminent catalyzes revaluation, reiterates "Buy"

J.P. Morgan has downgraded Li Auto, Inc. Class A to a Sell rating with a price target of HK$56.00, as stated by analyst Nick Lai. Lai has an average return of -2.0% and a 39.62% success rate. Despite this downgrade, the overall analyst consensus for Li Auto, Inc. Class A remains a Moderate Buy, with an average price target of €9.50.

- J.P. Morgan analyst Nick Lai issued a Sell rating and a HK$56.00 price target for Li Auto, Inc. Class A.  
- Lai has an average return of -2.0% and a 39.62% success rate, focusing on the Consumer Cyclical sector, including companies like XPeng and BYD.  
- Despite Lai's rating, the overall analyst consensus for Li Auto, Inc. Class A leans towards a Moderate Buy with an average price target of €9.50.

J.P. Morgan downgrades Li Auto, Inc. Class A (L87) to a Sell

Tesla, Rivian Automotive, NIO, QuantumScape, and Li Auto are highlighted as key electric vehicle stocks to monitor, according to MarketBeat. These companies are involved in various aspects of the EV market, including manufacturing and technology development. Investors are drawn to these stocks due to expectations of EV adoption and related market dynamics. Tesla, for instance, operates in both automotive and energy sectors, while Rivian focuses on consumer vehicles. NIO specializes in the Chinese market, and QuantumScape is developing solid-state batteries. Li Auto offers premium smart electric vehicles in China.

- Five Electric Vehicle stocks to monitor are Tesla, Rivian Automotive, NIO, QuantumScape, and Li Auto, as identified by MarketBeat.  
- These companies are involved in the design, manufacturing, and support of electric vehicles, with significant trading volumes noted recently, reflecting investor interest in EV adoption and growth potential.  
- Tesla operates globally in automotive and energy sectors, while Rivian, NIO, QuantumScape, and Li Auto focus on specific vehicle types and technologies within the electric vehicle market.

Market Beat

Ping An CSI New Energy Vehicles Industry ETF

Defiance Daily Target 2X Long QS ETF

GraniteShares 2x Long RIVN Daily ETF

QuantumScape

Rivian Automotive

First Trust Nasdaq Clean Edg Liquid Series

Tradr 2X Long QS Daily ETF

Tesla

GraniteShares 1.25 Long TSLA Daily ETF

Electric Vehicle Stocks To Follow Now - February 7th

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HWORLD-S(01179) rose 4.31%, with a trading turnover 127.0 Million HKD, and a year-to-date rose 8.8%. LI AUTO-W(02015) rose 3.61%, with a trading turnover 2.1 Billion HKD, and a year-to-date rose 10.6%. AIA(01299) fell 5.54%, with a trading turnover 4.8 Billion HKD, and a year-to-date rose 4.5%. MINIMAX-WP(00100) fell 5.14%, with a trading turnover 398.3 Million HKD, and a year-to-date rose 179.4%.

- The Hang Seng Index fell 1.21% but has accumulated a 3.6% increase this year.  
- The Hang Seng Tech Index decreased by 1.11%, totaling a 3.1% decline year-to-date.  
- Key stocks include Huazhu Group, which rose 4.31%, and AIA, which dropped 5.54%, with MINIMAX-WP experiencing a significant decrease of 5.14%.

Top Gainers & Losers

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GANFENGLITHIUM

CEB BANK

PETROCHINA

MINIMAX-WP

FUYAO GLASS

Top 5 HK Stock Gainers/Losers (>100B) (2.6)

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Feb 6 | Dolphin Research focus: 🐬 Stock 1, $BABA-W(09988.HK) Alibaba's Qwen app launched a 'Spring Festival RMB 3bn free-order' campaign today. The first wave centers on AI one-line prompts to order milk tea for free.Notably, WeChat further blocked today the promo passwords for red-envelope campaigns run by both Alibaba Qwen and Tencent Yuanbao. As a result, those keywords can no longer be copied or recognized in private or group chats.The move aims to protect WeChat's platform ecosystem and curb over-marketing that disrupts user experience. It also helps defend its social-traffic moat...

Alibaba Qwen's Lunar New Year free-order promo was blocked by WeChat; Nio surged after its first-ever quarterly profit | Daily News Recap

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Li Auto has unveiled the updated Li L9 SUV, set to launch in Q2, with the Livis variant priced at RMB 559,800 ($80,670), significantly higher than the current model. The Livis features advanced technology, including Li Auto-developed M100 chips and 360-degree LiDAR coverage, aimed at enhancing user experience. The company aims for a 40% growth target in 2026, despite a recent sales decline of 18.81% year-on-year. The updated model represents a strategic shift towards their core extended-range electric vehicle expertise.

- Li Auto plans to launch the updated Li L9, with the Livis variant priced at RMB 559,800 ($80,670), significantly higher than the current model.  
- The refreshed Li L9 features advanced technologies, including two M100 chips delivering powerful computing capabilities, and aims to enhance user experience with features like steer-by-wire and four-wheel steering.  
- Despite a 18.81% decline in vehicle deliveries in 2025, Li Auto targets a 40% sales growth for 2026, aiming to sell around 550,000 units.

CnEVPost

Li Auto unveils updated L9 SUV, with Livis variant priced significantly higher

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The Hang Seng Index opened 530 points lower this morning, closing at 26,580 points, down 304 points or 1.13%. AIA fell 4.8%, HSBC fell 3.3%, while Li Auto rose 5.3% against the trend. U.S. stocks fell sharply due to weak employment data, with the Dow Jones down 592 points, the S&P 500 down 84 points, and the Nasdaq down 363 points. Bitcoin dropped to $61,000, a decline of 15%

- The Hang Seng Index opened 530 points lower and closed at 26,580 points, down 304 points or 1.13%, as tech stocks fell and traditional financial stocks were sold off.  
- In the US, weak job figures led to a significant decline in tech stocks, with the Dow Jones dropping 592 points and Bitcoin hitting lows of around 61,000 USD, impacting cryptocurrency-related shares.  
- NIO announced positive earnings projections, resulting in a rise in its stock price, contrasting with general declines in the market.

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HSBC HOLDINGS

Hang Seng Index

The Hang Seng Index fell 304 points in the half-day session, AIA dropped 4.8%, HSBC fell 3%, and Li Auto rose 5% against the market trend｜Hong Kong stock market opening

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The Hang Seng Index closed at 26,580 points, down 304 points or 1.1%; the Hang Seng Tech Index reported 5,380 points, down 25 points or 0.5%. Among the active heavyweights, Alibaba fell 2.6%, Meituan dropped 1.9%, and Ping An decreased by 1.7%; Xiaomi Group rose by 1.5%. Li Auto increased by 5.3%, while Realord Group, ND Paper, SANY INT'L, BOC AVIATION, and BJ ENT WATER all reached new highs

BJ ENT WATER

SANY INT'L

BOC AVIATION

REALORD GROUP

ND PAPER

The Half-Day Express reports that the Hang Seng Index fell by 304 points; the Hang Seng Tech Index dropped by 25 points. Li Auto rose by over 5%. Realord Group, ND Paper, SANY INT'L, BOC AVIATION, and BJ ENT WATER reached new highs

Li Auto released the new generation L9 Livis on February 6, priced at 559,800 yuan, positioned as an embodied intelligent robot. The new car is equipped with an 800V fully active suspension system, a fully steer-by-wire chassis, and two self-developed 5nm Mach 100 chips, with computing power three times that of NVIDIA Thor-U, and features a 360-degree lidar. The custom two-tone body will be released in the second quarter of this year

The new Li Auto L9 Livis debuts, positioned as an embodied intelligent robot

Today’s Key News Recap

TENCENT

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Tencent

Tencent Holdings Limited

BABA-W

BABA-WR

Alibaba

Amazon

Roblox

DingDong

NIO Inc. USD OV

Alibaba HK SDR 5to1

MEITUAN

MEITUAN-WR

Tencent HK SDR 10to1

Meituan HK SDR 5to1

Meituan

$LI AUTO-W(02015.HK) A total of 30,000 shares, all cleared. Tired. The car is good, but Li Xiang, his brain is broken. Goodbye;

$LI AUTO-W(02015.HK)Li Auto's cars are not bad, but currently Li Xiang seems to have some issues. Planning to liquidate and cut losses on Li Auto, freeing up funds to fully invest in $Recursion Pharmaceuticals(RXRX.US) Execution planned for next week

Recursion Pharmaceuticals

0119 | Dolphin Research Watchlist: 🐬 Macro/Industry1) Per the National Bureau of Statistics, 2025 GDP was RMB 140.2tn, up 5.0% YoY in real terms, meeting the full-year target. Q4 growth eased, but the Dec PMI returned to expansion, pointing to improving production sentiment. Infra investment and net exports provided the key support, while consumption and property remained weak.2) Trump, seeking to 'buy Greenland', announced tariffs on eight European countries. The move targets Denmark, Germany and others...

Bio-Techne

Micron Tech

China GDP +5% for the year; TSLA AI5 chip design near completion | Daily News Recap

FSD, Musk is re-evaluating its valueElon just posted an X, the tweet was simple, but there's a lot to unpack behind it. 1. Financially, converting volatile hardware profits into stable, high-margin recurring revenue. Tesla is essentially an AI and robotics company, not a traditional manufacturer. A one-time purchase is a single transaction, while a subscription turns the vehicle into a terminal that continuously generates cash flow. A one-time purchase creates a psychological account where the value of FSD is fixed. Ending one-time purchases means no longer treating FSD as an &#34;accessory&#34; but defining it as a &#34;utility service&#34; or &#34;operating system license.&#34; 2. Lowering the barrier to accelerate the network effects of the &#34;data flywheel.&#34; The key to winning in autonomous driving isn’t the sophistication of the algorithm but the scale of training data. More subscribers → more miles driven → more edge-case data → stronger algorithms → attracting more subscribers. A single fatal edge case in autonomous driving could destroy a physical AI company. 3. Paving the way for Robotaxi. If cars can achieve true full self-driving, vehicle ownership will become less important—what matters is the car + FSD. Are taxis expensive, or are drivers expensive? If drivers are expensive, then FSD is expensive, meaning FSD brings you more income, making it more feasible to add your car to Robotaxi. More people using Robotaxi → owners/carmakers profit → more owners join → more FSD cars available → more people willing to hail Robotaxi.If you can buy it outright, just buy FSD!

SIASUN

XIAOMI-W

JPLIAUT@EP2606A(18607.HK)

Li Xiang hopes to win again

Li Auto Stock (LI) Falls as JPMorgan Turns Bearish, Cites 'Lack of Major New Models'

UBS: Li Auto L9 refresh imminent catalyzes revaluation, reiterates "Buy"

J.P. Morgan downgrades Li Auto, Inc. Class A (L87) to a Sell