SGLIAUT@EC2610A.C (27552)
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SGLIAUT@EC2610A.C (27552) News
Li Auto Launches New L9 in UAE in Key Middle East Expansion Step
New EV Startups Pump in 2.65 Billion! Lithium Battery Giant's Subsidiary Secures Major Investment | Selected Post-Market Announcements
Lithium-ion battery companies secure RMB 2.65 billion in strategic investment from emerging EV automakers; leading electrolyte manufacturer makes substantial progress in H-share issuance; computing power providers deeply engage in GPU power supply projects for global tech giants...
Li Auto-W (2015.HK): Focus on the facelifted MEGA and the new I9 model
In the first half of 2026, the company generated revenue of RMB 48.7 billion, a year-on-year decrease of 13%. Revenue per vehicle reached RMB 250,000, down 6% year-on-year; net profit attributable to shareholders was a loss of RMB 4.0 billion, representing a 329% year-on-year decline. In Q2, revenue amounted to RMB 25.7 billion, with declines in both year-on-year and quarter-on-quarter terms.
Cui Dongshu: Revenue of major domestic listed automakers reached RMB 1.293 trillion in the first half of the year, with growth slowing significantly.
In the first half of 2026, China's automotive industry is undergoing a profound transformation amid intense competition in the existing market. As the penetration rate of new energy vehicles continues to rise, the sector is characterized by a divergence where revenue growth does not translate into profit growth, creating a stark contrast between thriving and struggling segments.
HK Stock Market Watch: Auto stocks rebound as Li Auto rises nearly 5%, buoyed by the "Golden September, Silver October" peak season and a wave of new model launches
Gelonghui, September 4 – Hong Kong-listed automotive stocks rebounded collectively. Among them, Li Auto and BAIC Motor rose nearly 5%, GAC Group gained 4%, XPeng Motors increased by 3.3%, Seres went up 2.8%, and Leapmotor rose 2.4%. Geely Auto, Voyah Automobile, Great Wall Motor, Nio, Chery Automobile, and BYD also followed the upward trend. On the news front, market performance in September and October, traditionally the peak sales season for the automotive industry, has drawn significant attention. With the arrival of September, market demand is expected to be further released, leaving room for month-on-month improvement in sales volume. Although August's data remains in a phase of "bottom accumulation and recovery," it has laid the groundwork for the traditional peak season.
HK Stock Market Update | Li Auto-W (02015) Rises Over 5% with Official Launch of New-Generation MEGA Home; Morgan Stanley Expects Gradual Recovery in Monthly Sales
Li Auto-W (02015) rose more than 5%. As of press time, the stock was up 5.05% to HK$48.72, with turnover reaching HK$198 million.
Daiwa: Mainland new energy vehicle orders fell 6% week-on-week in the 35th week; Zeekr and XPeng Motors-W (09868) showed relative resilience.
In the 35th week, total orders in China's new energy vehicle (NEV) market fell 6% month-on-month to 124,000 units, with Zeekr, XPeng Motors, and Li Auto outperforming the broader market.
September 3 Share Buyback Roundup | Tencent and HSBC Holdings, among others, conducted share buybacks, with Tencent spending HK$100 million.
According to disclosure documents released by the Hong Kong Exchange on September 4, companies including $Tencent (00700.HK)$ and $HSBC Holdings (00005.HK)$ repurchased shares. ① $Tencent (00700.HK)$ repurchased 229,000 ordinary shares on September 3, involving an amount of HK$100 million, with a repurchase price per share ranging from HK$433 to HK$445.4. Since the resolution on the share repurchase mandate was passed, the cumulative number of securities repurchased stands at 43.6987 million shares, representing 0.47926% of the issued shares outstanding at the time the ordinary resolution was approved. ② $HSBC Holdings (00005.HK)$ on September
Morgan Stanley: Li Auto cuts price of new MEGA model by RMB 50,000; expects monthly sales to gradually recover
The bank expects monthly sales of the MEGA to gradually recover, with further benefits anticipated from expansion into overseas markets.
Li Auto-W (02015.HK): Profitability weighed down by costs, scale, and other factors; upcoming new model launches expected to improve sales mix
Event Description: The company's revenue in the second quarter of 2026 amounted to RMB 25.67 billion, representing a year-on-year decrease of 15.1% and a quarter-on-quarter increase of 11.7%. Net profit attributable to shareholders was -RMB 1.70 billion, reflecting a narrowed loss compared to the previous quarter. Event Commentary: Li Auto's sales volume in the second quarter of 2026
Li Auto-W (02015.HK) repurchased 313,400 shares on September 3 at a cost of HK$14.5639 million.
Gelonghui, September 3 | Li Auto-W (02015.HK) announced that on September 3, it repurchased 313,400 shares at a cost of HK$14.5639 million, with the repurchase price per share ranging from HK$46.22 to HK$46.72.
Major Bank Ratings | Morgan Stanley: Maintains "Overweight" Rating on Li Auto, Expects Gradual Recovery in MEGA Monthly Sales
Morgan Stanley issued a report stating that Li Auto has launched the new MEGA model with a single-trim price of RMB 509,800, representing a RMB 50,000 reduction from the 2025 MEGA Home edition. Morgan Stanley believes that this update focuses on handling performance and autonomous driving capabilities rather than interior refinements. The new vehicle is equipped with steer-by-wire and rear-wheel steering systems, reducing the turning radius of the 5.35-meter-long MEGA from 6.2 meters to 5.5 meters. It also features an 800V active anti-roll chassis, dual M100 chips, and four LiDAR sensors, providing the hardware foundation for continuous OTA upgrades. The new MEGA adopts a single-trim strategy with full standard equipment.
Daiwa: Mainland NEV order growth slowed week-on-week; Zeekr and XPeng showed relative resilience
Daiwa noted that China’s new energy vehicle (NEV) market weakened in the 35th week, with total weekly orders declining by 6% to 124,000 units. Orders for August so far have reached 514,000 units, a 33% month-on-month decrease, indicating weak overall demand at the end of the month. At the brand level, Zeekr, under Geely (00175.HK), recorded the strongest weekly growth, rising by 14%; XPeng-W (09868.HK) and Li Auto-W (02015.HK) also increased by 10% and 6%, respectively, outperforming the broader market. In contrast, Harmony Intelligent Mobility Alliance saw a sharp weekly decline of 34%, while Xiaomi-W (01810.
Li Auto (02015.HK) MEGA retail price set at RMB 509,800; share price rose more than 4%
Li Auto (02015.HK) has unveiled the next-generation Li Auto MEGA, with a uniform national retail price of RMB 509,800. Pre-orders opened yesterday (the 2nd), and deliveries are scheduled to begin within this week. The new vehicle comes standard with dual zero-gravity seats in the first row. For the first time, the second-row rotating zero-gravity seats feature floating cushions and air-diamond-patterned Nappa leather, along with two adaptive self-leveling electric tables. The chassis is equipped with an active anti-roll 'magic carpet' suspension, steer-by-wire technology, and rear-wheel steering, achieving a turning radius comparable to that of the Li Auto i6. Standard intelligent features include the 8797 cockpit chip and a dual-Mach embodied AI suite. The powertrain comes standard with a 108 kWh ternary lithium 5C ultra-fast charging battery.
China's August NEV Wholesale Sales Seen Rising 16% as Retail Demand Remains Weak
Hong Kong Stocks Move: Li Auto Surges Nearly 5% as Next-Generation Li MEGA Unveiled, Overseas Listing Planned for Year-End
Gelonghui, September 3 – Li Auto’s shares rose nearly 5% in early trading, reaching a high of HK$48, before the gain narrowed to 2.62%. On September 2, Li Auto officially launched its flagship MPV, the new-generation Li MEGA. The new model is available only in the Home version, priced at RMB 509,800. Reportedly, the new-generation Li MEGA will be rolled out in Hong Kong and Macau, China, as well as right-hand-drive markets such as Singapore and Thailand, by the end of this year.
Share Buybacks on September 2 | Tencent, Li Auto-W, and others conduct buybacks, with Tencent spending HK$100 million
According to disclosures filed with the Hong Kong Exchange on September 3, companies including $Tencent (00700.HK)$ and $Li Auto-W (02015.HK)$ repurchased shares. ① $Tencent (00700.HK)$ repurchased 229,000 ordinary shares on September 2, involving an amount of HK$100 million, with repurchase prices ranging from HK$435.2 to HK$441 per share. Since the resolution authorizing the buyback was passed, the cumulative number of securities repurchased stands at 43.4697 million shares, representing 0.47675% of the issued shares outstanding at the time the ordinary resolution was approved. ② $Li Auto-W (02015.
HK Stock Announcements Watch: China Gold International Selected for Hang Seng Growth Index and Hang Seng Stock Connect SOE Quality Index
Keymed Biosciences-B (02162) has entered into a licensing agreement for the marketing registration and commercialization of its spesolimab injection in 18 countries and regions, including Southeast Asia and Central Asia; Ketuo Shares (02272) plans to implement full circulation of its H-shares.
Li Auto-W (2015.HK): Completion of L-Series Model Refresh Accelerates Globalization
Key View: In Q2 2026, the company's operating revenue amounted to RMB 25.7 billion, representing a year-on-year decrease of 15.1% and a quarter-on-quarter increase of 11.7%; net profit stood at a loss of RMB 1.7 billion, turning from positive in the previous year to negative, with a quarter-on-quarter improvement of 25.6%; gross profit margin was 11%, down by 9 percentage points year-on-year and quarter-on-quarter.
The new-generation Li Auto MEGA has been officially launched, with a unified national retail price of RMB 509,800.
On September 2, 2026, Li Auto officially launched its technological flagship MPV, the next-generation Li MEGA. The new model is available exclusively in the Home version, with a unified national retail price of RMB 509,800. Orders are open effective immediately. Customers can experience the new vehicle at Li Auto's nationwide retail centers or schedule test drives via the Li Auto App. In 2025, the Li MEGA Home introduced rotating zero-gravity seats for family users, transforming the rear cabin into a face-to-face living room for the whole family. As a result, the Li MEGA became the sales champion in the MPV market segment priced above RMB 500,000, achieving a Net Promoter Score (NPS) of 81.8, ranking among all