智通财经6月27日电，理想汽车美股盘前短线跳水，跌超5%。公司此前下调第二季度交付量。 ...

理想汽车(LI.O)美盘前跳水，一度跌超5%，此前下调第二季度交付量。 订阅新能源汽车动态 +订阅 ...

理想汽车美股盘前跌幅扩大至5%。 ...

Core Viewpoint - Li Auto Inc. has revised its delivery outlook for Q2 2025, expecting to deliver approximately 108,000 vehicles, down from a previous estimate of 123,000 to 128,000 vehicles, due to a temporary impact from a sales system upgrade [1] Company Overview - Li Auto Inc. is a leader in China's new energy vehicle market, focusing on designing, developing, manufacturing, and selling premium smart electric vehicles [2] - The company's mission is to create a mobile home and happiness, providing families with safe, convenient, and comfortable products and services [2] - Li Auto is a pioneer in commercializing extended-range electric vehicles in China while also developing battery electric vehicle platforms [2] - The company began volume production in November 2019 and has a diverse model lineup, including Li MEGA, Li L9, Li L8, Li L7, and Li L6 [2]

Core Viewpoint - The report from CICC indicates that Li Auto-W (02015) is adjusting its product strategy, with projected revenues for 2025, 2026, and 2027 at 170 billion, 238.6 billion, and 293.9 billion yuan respectively, and net profits at 12.02 billion, 16.03 billion, and 20.97 billion yuan, maintaining a "Buy" rating [1] Group 1: Market Strategy and Performance - The high-end range-extended models are expanding market presence, while pure electric Mega faces challenges; model refreshes are stabilizing the market [2] - In 2022, the L series enhanced smart, safety, and comfort features, leading to rapid sales growth, while the L9/L8 models reduced configurations to broaden audience reach, alleviating concerns over the discontinuation of the Ideal One [2] - In 2023, the L7 successfully penetrated the five-seat SUV market, contributing to monthly sales exceeding 50,000 units by year-end; however, in 2024, the pure electric MPV faced cooling demand and intensified competition in high-end range-extended SUVs, putting overall sales under pressure [2] Group 2: Strategic Adjustments - The company is refocusing on product development, enhancing charging infrastructure, and heavily investing in AI to prepare for future industry competition [3] - The Mega model's setbacks were attributed to misjudgments in the pure electric market pace, overemphasis on sales expectations, and misalignment between product definition and user needs; corrective measures include restructuring and accelerating the "dual-energy strategy" [3] - A major organizational restructuring is planned for 2024, focusing on product business, integrating resources, and establishing a new Go-to-Market department to enhance product launch coordination [3] Group 3: AI Investment and Future Outlook - Increased investment in AI includes dual-track development of intelligent driving assistance and multi-modal intelligent assistants, with a large model for drivers expected to launch by mid-2025 [4] - The company aims to build a competitive edge in AI through data accumulation, cloud and vehicle computing power enhancements, and self-developed AI infrastructure [4] - The outlook for the year indicates stable sales for range-extended models, with the potential for pure electric products to support annual sales reaching one million units [5]

Investment Rating - The report maintains a "Recommended" investment rating for the automotive industry [1] Core Views - The long-term confidence in the humanoid robot industry remains unchanged, with a positive outlook on Tesla's humanoid robot supply chain [3][4] - Tesla's Robotaxi service has officially launched in Austin, Texas, marking a new phase in the commercialization of autonomous driving technology [6][7] Summary by Sections Industry Performance - The automotive sector underperformed the market, with a 1-month decline of 1.4% and a 3-month decline of 2.6%, while the 12-month performance showed a gain of 30.6% [2][14] - The overall market, represented by the CSI 300 index, increased by 2.6% over the same period [2] Humanoid Robots - The production progress of Tesla's Optimus is significantly influenced by technological innovation and supply chain factors [4] - The report emphasizes the importance of component manufacturers that can adapt to Tesla's evolving design requirements, recommending companies with strong technological capabilities and cost control [4][7] Robotaxi Launch - Tesla's Robotaxi service is currently operating with approximately 10 upgraded Model Y vehicles, charging a fixed rate of $4.2 per trip [6][7] - The service is in a verification phase for its business model, with plans to expand the fleet and service area in the future [6][7] Recommended Stocks - The report recommends several companies based on their potential in the humanoid robot and automotive sectors, including: - Dual Lin Co., Rongtai Co., and Kaidi Co. for their advantages in component manufacturing [7][41] - New Spring Co., Wencan Co., and Aikodi for their roles in the supply chain [7][41] - Recommended stocks also include Keite Co. and Jun Chuang Technology for their strategic positions in the market [7][41] Company Focus and Earnings Forecast - The report provides earnings forecasts for several companies, indicating a positive outlook with "Buy" ratings for: - Dual Lin Co. with an EPS forecast of 1.24 for 2024 and a PE ratio of 39.52 [9][43] - Leedick with an EPS forecast of 1.22 for 2024 and a PE ratio of 47.96 [9][43] - Jianghuai Automobile with an EPS forecast of 0.12 for 2024 and a PE ratio of 348.25 [9][43]

Core Viewpoint - The automotive industry is shifting towards self-reliance and innovation in response to supply chain disruptions, with companies like Li Auto and Xiaomi leading the charge through self-developed technologies and systems [1][2][3]. Group 1: Technological Advancements - Li Auto has developed its own intelligent manufacturing system, "Li-MOS," which manages the entire production cycle of vehicles, achieving 100% automation in key processes [1][5]. - The "Star Ring OS" developed by Li Auto has shown significant performance improvements, such as a 7-meter reduction in emergency braking distance at 120 km/h and a doubling of response speed [2]. - Xiaomi's factory features over 700 robots and has implemented a leading integrated die-casting production line, enhancing manufacturing efficiency [1]. Group 2: Industry Growth and Economic Impact - The automotive and transportation industry in Beijing is projected to exceed 440 billion yuan in output value in 2024, with a year-on-year growth of over 15% [1]. - In 2024, the production volume of new energy vehicles in Beijing is expected to reach 294,000 units, marking a nearly threefold increase [6]. Group 3: Collaboration and Ecosystem Development - Li Auto and Xiaomi are collaborating with local suppliers to develop advanced technologies, such as the "magic carpet air suspension," which was previously a luxury feature [3]. - The establishment of the Beijing Intelligent Connected Vehicle Innovation Fund aims to foster collaboration between companies and research institutions to advance key technologies in the sector [7]. Group 4: Strategic Location and Resources - Beijing's automotive industry benefits from a strong manufacturing base, with major production facilities and R&D centers concentrated in areas like Shunyi and Economic Development Zones [6]. - Both companies attribute their growth to Beijing's favorable policy environment, industrial foundation, and access to talent and technology [7].

Key Takeaways Li Auto has submitted the Li i6 electric SUV for approval, targeting a September market debut. The i6 will be offered in three versions, including dual- and single-motor variants up to 250 kW. Positioned as a premium family SUV, the i6 will be built in Beijing and Changzhou with CATL batteries.Li Auto (LI) has submitted its second fully electric SUV, the Li i6, for regulatory approval in China, with its official launch anticipated in about three months. The vehicle was listed in the latest c ...

金融界6月24日消息，上证指数低开高走，中证港美上市全球智能汽车主题指数 (港美智能汽车， 931900)报5858.40点。 从中证港美上市全球智能汽车主题指数持仓样本的行业来看，乘用车占比17.21%、数字媒体占比 2.91%、光学光电子占比2.32%、汽车零部件与轮胎占比0.54%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样 本中剔除。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处理。 本文源自：金融界 作者：行情君 数据统计显示，中证港美上市全球智能汽车主题指数近一个月上涨1.45%，近三个月上涨3.55%，年至 今下跌4.71%。 据了解，中证港美上市全球智能汽车主题指数从中国香港和美国市场上市的证券中选取50只业务涉及感 知定位、决策规划、控制执行、智能座舱以及车联网等智能汽车相关领域的上市公司证券作为指数样 本，反映中国香港和美国市场上市的智能汽车 ...

理想汽车：2025年第25周（6.16-6.22），理想汽车周销量0.89万辆。 ...