UBS downgraded Chinese EV maker Li Auto from Buy to Neutral due to weaker demand in the new energy vehicle market and consecutive quarterly losses. Li Auto's Q2 2026 vehicle deliveries dropped 11.5% year-over-year to 98,330 units. Despite this, the company is launching new models like the Li MEGA MPV and Li i9 SUV, and expanding internationally with a Dubai launch. Recent delivery numbers in August 2026 show positive momentum, indicating potential recovery.
Li Auto reported a stronger-than-expected Q2 revenue, though overall sales volumes declined, putting pressure on total revenue. The company improved its vehicle margin to 9.4%, still behind some EV competitors. Upcoming launches like refreshed L-Seri...
J.P. Morgan downgraded Nio's stock to Neutral from Overweight and lowered its price target to $4.50 from $7.00, citing weak demand in China's passenger vehicle market, rising price competition, and limited overseas exposure. Despite praising Nio's Q2...
