CMB International Global Markets | Equity Research | Company Update MN Li Auto Inc. (LI US) Proven resilience gives us confidence in BEVs Li Auto's 2Q24 operating expenses beat our forecast and such cost control could extend into 2H24. We are of the view that Li Auto has made a comeback on sales volume with resilient pricing and margins. Although some investors may wait for more details of its new BEVs, we think it could be oversold now. 2Q24 beat on tightened operating expenses. Li Auto's revenue in 2Q24 w ...