Li Auto: Highly Profitable EV Play

Core Insights - Li Auto missed both revenue and earnings estimates for the second quarter despite maintaining high vehicle margins in its core manufacturing business [1] - The company is experiencing moderating top line growth [1] Financial Performance - The second-quarter results showed a decline in performance compared to market expectations [1] - Vehicle margins remain strong, indicating effective cost management in manufacturing [1] Market Position - Li Auto's growth trajectory is showing signs of moderation, which may impact future performance [1]