LI AUTO-W (02015.HK) (LI.US) launched its first pure electric SUV model, the i8, with a starting price of RMB321,800, similar to the entry-level price of its hybrid model L8, according top Macquarie's research report.
NIO-SW (09866.HK) is about to release a new BEV model, the Onvo L90, with a pricing strategy likely similar to the i8, the report added.
Moreover, other car makers such as Aito and Tesla (TSLA.US) will also introduce similarly positioned models, believing that competition in the 6 to 7-seater BEV market will become increasingly fierce in the coming months.
Macquarie estimated that i8's annual sales will reach 26,000 units this year, with target prices of $110/ US$28 for H-shares/ US stock, and ratings at Neutral.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| LI (C) |
17186 |
138.98 (-) |
0.086 |
4.0 X |
| LI (Bull) |
57197 |
89.4 (93.4) |
0.026 |
7.7 X |
| LI (Bull) |
55164 |
80.9 (84.9) |
0.044 |
4.6 X |
| NIO (C) |
17588 |
34.71 (-) |
0.235 |
2.2 X |
| TSLA (C) |
10688 |
420 (-) |
0.239 |
5.3 X |
| TSLA (P) |
10692 |
280 (-) |
0.465 |
3.3 X |
