Li Auto

Xpeng is expected to be included in the Hong Kong-Mainland Stock Connect around February 11, while Li Auto is expected to see this happen around March 14, CITIC Securities said.

Edison Yu's team has updated their list of Chinese EV startups they are bullish on, dropping WM Motor and adding Zeekr and Hozon Auto.

In the fourth quarter, Li Auto delivered 35,221 units, exceeding the upper end of the previously guided range of 30,000-32,000.

Li Auto's lifetime warranty on the vehicle's battery, drive motor and motor controller will reportedly be reduced to eight years or 120,000 kilometers.

Last year a Volkswagen executive said extended-range EVs were the worst solution. Sales of the Li ONE with this technology have now exceeded the combined sales of Volkswagen's mid-size SUVs in China.

Li Auto's founder said the company will increase its investment in Chongqing and deepen its strategic partnership with the city.

Edison Yu's team updated their sales forecast for Li Auto in 2022, expecting the company to deliver an average of 10,000 Li ONEs per month and 15,000 units of the new SUV next year.

Li Auto has become the latest local automaker to offer navigation-assisted driving features after Nio and Xpeng Motors.

Li Auto's previous guidance for fourth quarter deliveries was 30,000-32,000 vehicles, meaning it is expected to deliver 8,866-10,866 units in December.

Deutsche Bank's Edison Yu's team sent their first look to investors following Li Auto's third-quarter report.