Morgan Stanley: Li Auto-W (02015.HK) long-term positive but limited short-term earnings impact; target price HK$68.5

Zhitong Finance APP has learned that Morgan Stanley has issued a research report stating that the management of Li Auto-W (02015.HK) has made "electricity plus computing power" the core strategic focus to support the development of embodied intelligence; the bank holds a positive long-term view on the company, but believes the impact on short-term profitability will be limited, with a rating of "Overweight" and a target price of HK$68.5.