Li Auto: Livis Day: Advancing Embodied AI from Cockpit to Autonomous Driving

研报英文原文证据摘录

Li Auto: Livis Day: Advancing Embodied AI from Cockpit to Autonomous Driving

Deutsche Bank

Research

Rating Company Date

Buy Li Auto 16 June 2026

Asia Reuters Bloomberg Rating Buy

China 2015.HK 2015 HK Price target (HKD) 96.00 Price at 15 Jun 26 56.85

52-week range 124.50 – 53.15

Consumer

Autos & Auto Technology Valuation & Risks

Livis Day: Advancing Embodied AI from

Cockpit to Autonomous Driving BinResearchWang Analyst

+852-220-35496

Livis Day Frames Li Auto’s Embodied AI Vision

Wei Huang On June 15, Li Auto held Livis Day, its dedicated software and AI event, to Research Associate

announce comprehensive upgrades in software, autonomous driving, and +852-2203-7057

embodied AI. The company’s vision for true embodied AI is rooted in three core

principles: safety, capability, and efficiency. For safety, embodied AI must be

human-centric and ultimately safer than humans. In terms of capability, it needs

to learn human skills, understand user intent, and independently accomplish tasks

across real-world scenarios. For efficiency, it must surpass human performance,

while in product form it should reliably execute mobility and daily-life tasks. Based

on this philosophy, Li Auto plans to redefine model capabilities, chip and security

systems, and product experiences, positioning the vehicle not only as

transportation but as one of the first practical AI agents entering the physical

world.

Mach Models Extend In-Car AI Capabilities

Li Auto introduced several key embodied AI models. Its self-developed

“MindGPT” has evolved into two models: “Mach Mind-Pro” and “Mach Mind-

Edge”. “Mach Mind-Pro” focuses on hearing, language comprehension, memory,

and native Agent capabilities, with top-tier performance in general foundational