Goldman Sachs Downgrades Li Auto After Q4 Results, Citing Margin Pressure and Slower Volume Growth
Goldman Sachs lowered its rating on Li Auto to neutral from buy following the company’s fourth-quarter 2025 results, reducing 12-month targets for both ADRs and Hong Kong shares, and flagging widening net losses, weaker volume guidance, and compressed vehicle margins. The brokerage also trimmed near- and medium-term volume and profit forecasts and …