Financial PerformanceNon-GAAP earnings were RMB1.5bn in 2Q24, up 18% QoQ, beating our estimate of RMB697mn, on lower opex.
Sales And Market ExpansionLi Auto increased the car purchase incentives for all series, potentially boosting sales.
Technological AdvancementsLi Auto is determined to further invest in AI & smart driving, conducting internal testing for its 'VLM+end-to-end' NOA (navigate on autopilot).