LI AUTO-W(HK:02015) news flash·2025-05-09 05:19Core Viewpoint - Morgan Stanley reports that while Li Auto's new L series has significant configuration upgrades without a price change, it remains uncertain if these enhancements will be sufficient to compete in a highly competitive market [1] Group 1: Product and Market Analysis - The new L series from Li Auto has not adjusted its pricing but features notable upgrades in configuration, aligning with market expectations [1] - There is ongoing market discussion regarding whether the upgrades in configuration and autonomous driving (AD) capabilities will be enough to address intense competition without a price increase [1] - It remains to be seen if monthly sales can rebound to an average of approximately 50,000 units in the second half of the year [1] Group 2: Financial Outlook - Morgan Stanley believes that the current market price reflects a forecasted price-to-earnings ratio of less than 20 times for 2025, indicating an attractive risk-reward profile for the stock [1] - The release of the new L series on May 8 and the upcoming launch of BEV models this summer are expected to positively influence the stock's performance [1] - Despite weak first-quarter results potentially exerting short-term pressure, the market has already adjusted its expectations accordingly [1]