Express News | Shenzhen: Increased support for individual consumers to replace and upgrade passenger vehicles.
Can li auto inc, which is the subject of controversy, break through the bottleneck?
Sustaining high growth is becoming increasingly difficult. Li Auto Inc (02015.HK) recently released its performance for the first half of 2024, with a year-on-year growth rate of only 20.81%, which is a low value in recent years. Net income also decreased by 47.4% year-on-year. On the evening of the release of the semi-annual report, Li Auto's stocks on the NASDAQ market fell by about 16%. On August 19th, a statement signed by "Medical Science and Technology (Beijing) Medical Technology Co., Ltd." ("Medical Science and Technology"), has already put Li Auto and Li Xiang at the forefront. On August 20th, a response to Medical Science and Technology's application was issued.
LI AUTO-W: 2024 INTERIM REPORT
In August, Li Auto (02015.HK) reached a total autonomous driving distance of 2.26 billion kilometers with an increase of 0.044 million users.
li auto inc (02015.HK)(LI.US) released the Ideal Intelligent Driving Travel Report in August 2024, showing that the cumulative mileage of Ideal Intelligent Driving has reached 2.26 billion kilometers, with an additional mileage of 0.2 billion kilometers in August. The total number of Ideal Intelligent Driving users is 0.908 million, with an increase of 0.044 million users in August. The proportion of users who have test-driven Ideal Intelligent Driving is 55%.
Shenzhen is promoting consumer spending through the issuance of ultra-long-term special national bonds, with a maximum subsidy of 0.02 million RMB for old-for-new exchanges.
Shenzhen issued the "Long-Term Special National Debt Fund to Support Consumer Goods Replacement Program", which aims to achieve the replacement of 0.07 million automobiles, 1 million sets of household appliances, 0.051 million home renovations, 0.25 million updated electric bicycles, and 1,300 updated operational vehicles by the end of 2024. The program proposes a one-time vehicle purchase subsidy for individuals who purchase new vehicles, with the subsidy amount divided into three levels based on the vehicle price, with a maximum of 0.016 million RMB per vehicle. The standard for scrapping old vehicles and purchasing new energy passenger vehicles has been increased to 0.02 million RMB. Regarding the replacement of household appliances,
Li Auto Inc (02015.HK): August sales increased by 37.8% YoY, OTA 6.2 upgraded again.
Investment Highlights In August 2024, li auto inc delivered 48,122 new vehicles, a year-on-year increase of 37.8%. From January to August 2024, a total of 288,103 vehicles were delivered, a year-on-year increase of 38.4%. As of 202