On May 30, Bank of America Securities issued a research report affirming that Li Auto's first-quarter earnings met expectations, boasting a gross margin of 20.5%, exceeding the projected 20.1%. Management disclosed that preparations for the launch of its pure electric SUV models are progressing seamlessly, with the Li Auto i8 and i6 scheduled for release in July and September, respectively. Additionally, through expanded production capacity, sales of the Li Auto MEGA model are anticipated to reach between 2,500 and 3,000 units in July. Bank of America has maintained its earnings forecast for the current year while increasing its next year's Non-GAAP net profit forecast by 2%. Consequently, the target price for Li Auto's American Depositary Receipts (ADR) has been modestly adjusted to $32.1, and the target price for its H shares has been set at HK$125. Citing Li Auto's adept gross margin management and robust free cash flow, Bank of America has reaffirmed its "Buy" rating for the company.