Ge Long Hui·2025-09-09 08:31Core Viewpoint - Li Auto (LI.US) saw a pre-market increase of over 2.7%, reaching $24.45, driven by the recent revival of automotive consumption subsidies in multiple regions [1] Group 1: Automotive Consumption Subsidies - Qingdao will launch a new round of automotive consumption subsidies this week, with potential discounts of up to 30,000 yuan when combined with national subsidies and consumer loan interest subsidies [1] - Chongqing announced on September 2nd an additional budget of 135 million yuan for the continued implementation of the 2025 vehicle and electric bicycle trade-in subsidy policy [1] - Ningbo initiated a total of 60 million yuan in automotive consumption vouchers on September 1st [1] Group 2: Market Outlook - According to Founder Securities, with the traditional sales peak season approaching, terminal demand is expected to continue to recover [1] - The automotive sector's dynamic price-to-earnings ratio is currently below the 40th percentile of the past five years, indicating ample room for valuation recovery, which is likely to expand alongside sales growth [1]