Citi Reduces Price Target for Li Auto Amid Lower Demand for New SUV Model

Market Adjustments for Li Auto’s New SUV

Li Auto, a prominent hybrid vehicle manufacturer, has seen a recent adjustment in its market outlook by Citi, which lowered the price target for its stock due to tepid demand for its newly launched SUV, the L6. Citi has also expressed concerns about the impact of Tesla’s recent price reduction strategy in China on the overall market sentiment. This comes as the automotive sector faces shifting dynamics due to aggressive pricing tactics by leading competitors.

Financial Revisions and Market Reactions

On Monday, Citi revised Li Auto’s price target from $48.50 to $43.60 while maintaining a ‘Buy’ rating, despite the initial order of 10,000 units for the L6 within the first 72 hours post-launch. This order volume was considered modest compared to previous models, such as the L7 and L9, which had garnered 21,000 and 50,000 orders, respectively, in the same timeframe. The nature of these orders, potentially refundable, has led to some skepticism about the solidity of the demand figures reported.

Strategic Moves and Future Prospects

Following the market feedback, Li Auto responded by reducing prices by about 5% across four of its five models, a strategy mirrored by Tesla and BYD to maintain competitiveness. The price adjustments, which range from 18,000 to 30,000 yuan, reflect a broader industry trend towards more aggressive pricing to attract consumers. Furthermore, Li Auto is preparing to launch three new pure electric SUV models in the second half of the year, boasting advanced 5C charging capabilities and all-wheel drive, which the company’s leadership has touted as highly competitive.

These strategic adjustments by Li Auto aim to strengthen its position in a rapidly evolving automotive market, highlighting the company’s proactive approach to adapting to consumer needs and market pressures.

Unionville Tragedy: Elderly Woman Seriously Injured After SUV Crashes into Home

Disturbing Late-Night Incident in Unionville

In a distressing event late Sunday night in Unionville, Missouri, an elderly woman sustained serious injuries when an SUV collided with her home. The accident occurred just before 11:30 p.m. along U.S. Highway 136, east of North 29th Street. The sudden impact of the crash has shocked the local community, bringing to light concerns about road safety in residential areas.

Details of the Crash

The Missouri State Highway Patrol’s report indicates that Jimmy A. Pacheco Dzib, a 32-year-old from Princeton, MO, was driving westbound when he lost control of his vehicle. The SUV veered off the road and disastrously crashed into a nearby residence. Inside the home at the time was 79-year-old Karen Torrey, who was grievously injured as a result of the incident.

Aftermath and Emergency Response

Torrey was urgently airlifted to University of Missouri Hospital in Columbia to receive necessary medical treatment for her injuries. Despite wearing a seatbelt, the driver of the SUV, Pacheco Dzib, escaped the incident without any reported injuries. This accident has raised questions about driver vigilance and the enforcement of traffic laws near residential areas, prompting discussions on how such unfortunate incidents can be prevented in the future.

Train Collision with Abandoned SUV Near University of Houston Downtown Disrupts Traffic

Late-Night Incident Causes Commotion

In a late-night incident that has disrupted the daily commute, an abandoned vehicle was struck by a train near the University of Houston – Downtown. This event occurred on the tracks at the Buffalo Bayou Trail under Main St. shortly after 3:15 a.m., bringing emergency services to the scene. The Houston Police Department, along with Houston Fire and UHD Police Department, quickly responded to manage the situation.

Details of the Train Collision

Upon arrival, responders discovered an SUV abandoned on the Union Pacific Lines. Fortunately, there were no occupants in the vehicle, leading to no reported injuries from the incident. The train, extending several blocks across major thoroughfares including San Jacinto and areas near St. Arnold’s Brewery, posed significant logistical challenges. The full extent of the train’s length and the impacted crossings remained unclear initially, complicating efforts to assess and mitigate the situation.

Traffic Disruptions and Ongoing Investigations

The aftermath of the crash has significantly impacted traffic flow, particularly affecting downtown areas and access to county court buildings from I-10. Authorities are working diligently to remove the vehicle and restore normal train operations. As the investigation continues, updates will be provided to keep the public informed of developments and traffic advisories. This incident highlights the critical need for safety and vigilance near train tracks, particularly in urban areas.

What happened to Harrisburg woman’s SUV before fatal crash? ‘I really don’t understand’

Jacqueline Jones was talking on the phone with her friend Kelly Little in the early hours of April 11 while Little was driving on the Pennsylvania Turnpike back to Harrisburg from Philadelphia.

“Her car was moving and I kept hearing a loud clicking sound,” said Jones. “When she told me that she was only going 20 mph, I asked ‘Why are you going so slow?’”

‘Everything came flying’: SUV crashes into woman’s Lauderhill home, bursts into flames

A woman described the scary moments a car crashed into her Lauderhill home and burst into flames.

The silver SUV plowed through Mary Jackson’s home on NW 16th Street Sunday night.

“We ran outside to see what was going on, and it was a car in front of the house on fire,” Jackson said. “Then we look, and there’s a big hole in the wall in our house.”

She said she called 911. When crews got there, they pulled the driver out.

“The lady was inside and seemed like her head went through the windshield because she was bleeding very bad,” Jackson said. “I think she was semi-conscious, but there was so much blood, it’s hard to say.”

Jackson said the SUV crashed into the closet inside her bedroom.

“Everything came flying, all the cement,” she said.

Jackson said in the 50 years she’s been living there, nothing like this has ever happened.

2025 Porsche Cayenne GTS Targets The Sports SUV Sweet Spot With Twin-Turbo V8 Engine

The most significant change to the 2025 Porsche Cayenne GTS is the updated 4.0 liter, twin-turbo engine, which has received significant upgrades compared to its predecessors. On the 2025 Cayenne GTS, this engine makes 493 horsepower (40 more than its predecessor) and 487 lb.-ft of torque (30 lb.-ft more than its predecessor). The car also gets Porsche’s Tiptronic S automatic transmission, which now claims quicker gear shift times, enabling faster acceleration. The Porsche GTS now claims a 0-60 mph time of just 4.2 seconds and has a top speed of 171 mph.

Porsche has made extensive modifications to the suspension setup of the Cayenne GTS. The car now features an air suspension exclusively fine-tuned for the GTS model. This suspension setup features an adaptive damper system and offers the company’s proprietary Porsche Torque Vectoring Plus System, which lets customers reduce the ride height by up to 10mm.

The Porsche Cayenne GTS has several distinctive design elements to make it stand out among other Cayennes. These include distinctive rocker panels, window surrounds, and wheel arch extensions. The car also gets the GTS model designation on the door and at the rear. Porsche has also changed the color of the tip of the exhaust system, which now comes in a dark bronze tone, as opposed to the black color that the older GTS versions came with. All 2025 Porsche Cayenne GTS models get 21-inch RS Spyder wheels.

Another distinctive design element is the adaptive rear spoiler, offered on the Cayenne GTS Coupe models. These models also get an optional Sport Exhaust System as well.

Here’s How You Can Buy a Used Military Humvee

Dreaming of off-roading like Rambo? There’s a way to make it happen.

I’ll never forget the day we were meeting at an off-roading trail and my buddy showed up in an honest-to-goodness military Humvee. Like any 4×4 fan would be, I was intrigued how he’d gotten his hands on it. He revealed that he’d bought it at auction, and paid less than you’d spend on a side-by-side.

Here’s the deal, the government has a duty to the taxpayers to make back money wherever it can. So it is legally bound to auction off surplus property to the highest bidder. My colleague Erik Sherman has written at length how to buy surplus military vehicles. But the long and short of it is you just need to find a website with military auctions. GovPlanet.com is one option. GovLiquidation.com is another one. The government actually keeps on official database of auctions. But first, a couple of things to consider.

The government orders Humvees in many different configurations. First and foremost, some are for road use and others are off-road only. Before you buy any surplus military vehicle, make certain it has been registered for on-road use, because it may be a nightmare to get it registered for the first time.

Parking lot full of surplus military vehicles.
Surplus Humvees | 6381380 via iStockPhoto

Second of all, the configurations. Some Humvees don’t even have doors. Others have high ambulance bodies. So decide what you want to use your juggernaut of an SUV for and then shop accordingly.

Finally, many military vehicles have had a very hard life. If trucks have a plow frame attached or maybe a fifth wheel for towing they could have been pressed in to hard duty. So read the descriptions before making a decision.

Obviously, look for vehicles on bases where you can easily pick up your new Humvee. Otherwise you’ll be responsible for shipping. Happy Humvee hunting.

Motorcyclist injured after hit by SUV in Dickson County, THP says

Charges are pending against an SUV driver accused of rear-ending a motorcycle in Dickson County Saturday.

According to Tennessee Highway Patrol (THP), a 2000 Toyota 4Runner and a 2003 Kawasaki motorcycle were traveling north along Highway 46 South on Saturday, April 20.

In the 2600 block of the highway, the Toyota reportedly rear-ended the Kawasaki, which came to final rest in the southbound travel lane after impact.

Officials said the 31-year-old Tennessean riding the motorcycle was injured, but there is no word on the nature of his injuries.

Meanwhile, the driver of the SUV — described by THP as a 25-year-old Tennessee man — was wearing his seatbelt and was not injured in the incident. However, charges are pending the outcome of the investigation, according to authorities.

No additional details have been released about the crash.

Pedestrian Seriously Injured by SUV on Tudor Road Near Seward Highway

Incident Overview

In the early hours of Saturday, a pedestrian was hit by an SUV while standing off the crosswalk on Tudor Road close to Seward Highway. The collision happened around 12:15 a.m. when a westbound grey GMC Yukon struck the individual, causing significant injuries.

Response and Ongoing Inquiry

Emergency responders from the Anchorage Fire Department quickly transported the injured person to a local hospital for immediate treatment. The SUV driver remained on-site and cooperated with the authorities; currently, no charges have been filed. The Anchorage Police Department is actively investigating to uncover more details about the circumstances of the accident.