Research Disclosures & Disclaimers

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published UBS Global Research products, including those related to
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Li Auto (LI.O)*

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (US$)	Price Target (US$)	Rating
2022-02-28	30.45	47.00	Buy
2022-04-04	28.66	52.00	Buy
2022-06-27	39.13	-	No Rating
2022-06-28	37.07	60.00	Buy
2022-08-15	32.56	58.00	Buy
2022-11-17	18.36	29.00	Buy
2023-05-10	28.22	31.00	Buy
2023-07-14	37.00	-	No Rating
2023-07-31	42.80	53.00	Buy
2023-11-01	34.99	45.00	Buy
2024-03-05	37.76	-	No Rating
2024-03-08	36.34	49.00	Buy
2024-05-15	25.92	33.00	Buy
2024-07-19	19.64	30.00	Buy
2024-10-10	26.87	40.00	Buy

Disclosures

UBS is acting as manager/co-manager, underwriter, placement or sales agent in regard to an offering of securities of this company/entity or one of its affiliates.
UBS expects to receive or intend to seek compensation for investment banking services from this company/entity within the next three months.
Within the past 12 months, UBS has received compensation for products and services other than investment banking services from this company/entity.
UBS Securities Hong Kong Limited is a market maker in the Hong Kong-listed securities of this company.
UBS Securities LLC makes a market in the securities and/or ADRs of this company.
UBS holds a long or short position of 0.5% or more of the listed shares of this company.

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day. Issuers with an EQ Rating & Price Target Table are covered by UBS-IB Equity Research Analysts. Issuers without an EQ Rating & Price Target Table are not single stock covered.

* Issuers marked with an asterisk are covered by UBS-IB Equity Research Analysts. Issuers without an asterisk are not single stock covered.