理想汽车：Solid earnings, thorough preparation pave way for FY25

1 Nov 2024 Earnings Summary CMB International Global Markets | Equity Research | Company Update Li Auto Inc. (LI US) Solid earnings, thorough preparation pave way for FY25 Maintain BUY. We view Li Auto's 3Q24 earnings as strong from average selling price, gross margin and operating cost control aspects. The drag mainly came from share-based payment and fair value loss from its investee's share price decline. Although the information about its new BEVs in 2025 is very limited, we believe that the company has ...