Group 1 - The core viewpoint of the news is that Li Auto's stock experienced significant volatility following the launch of its first pure electric SUV, the i8, with a notable price adjustment that was lower than market expectations [1][2] - Li Auto officially launched the i8 on July 29, with a price range of 321,800 to 369,800 yuan, which is a substantial decrease from the previously announced price range of 350,000 to 450,000 yuan [1] - The pricing strategy adjustment exceeded institutional expectations, as many brokerages had predicted a starting price around 330,000 yuan based on product configuration and competitor pricing logic [1] Group 2 - Market reactions indicate mixed investor sentiment regarding Li Auto's transition to pure electric vehicles, with concerns about the market acceptance of the i8 and potential pressure on profit margins due to aggressive pricing [2] - According to Li Auto's Q1 2024 financial report, the vehicle gross margin was 19.8%, and a more aggressive pricing strategy for the i8 could impact short-term profitability [2] - There is a prevailing view that, in the context of increasing penetration in the pure electric market, quickly capturing market share through competitive pricing may be a more favorable strategic choice [2]