Streetbeat News

Li Auto Inc.

https://www.lixiang.com

Industry

Auto - Manufacturers

Li Auto Inc. operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment. The company offers its products through online and offline channels. The company was formerly known as Leading Ideal Inc. and changed its name to Li Auto Inc. in July 2020. Li Auto Inc. was founded in 2015 and is headquartered in Beijing, the People's Republic of China.

Open

27.60

Mkt cap

24B

Volume

16M

High

29.48

P/E Ratio

26.15

52-wk high

35.77

Low

27.20

Div yield

N/A

52-wk low

17.44

Nio, Inc. (NYSE:NIO) surged 12% in premarket trading after announcing a $1.9 billion investment in its subsidiary Nio China, with strategic investors contributing $470.64 million. This move is part of Nio's expansion into the mass market with its Onvo brand. Chinese peers XPeng, Inc. (NYSE:XPEV) and Li Auto, Inc. (NASDAQ:LI) also saw gains due to optimism from China's economic stimuli.

Portfolio Pulse from Shanthi Rexaline

September 30, 2024 | 9:03 am

Chinese stocks saw significant gains last week following China's central bank's decision to cut the reserve requirement ratio and plans for a large sovereign debt issuance. Notable gainers include JD.com, KE Holdings, PDD Holdings, and others.

Portfolio Pulse from Lekha Gupta

September 29, 2024 | 4:41 pm

The EV sector saw significant movements this week, with Tesla leading the charge due to strong sales in China and upcoming catalysts. Rivian faced a downgrade from Morgan Stanley, while Canoo expanded to the UK amidst internal challenges. Nio began deliveries of its new low-end EV, and GM announced a partnership for fast-charging batteries. The KraneShares Electric Vehicles and Future Mobility Index ETF saw a notable rise.

Portfolio Pulse from Shanthi Rexaline

September 28, 2024 | 2:35 pm

US-listed Chinese companies' shares are rising due to a report that China plans to issue up to $284 billion in sovereign debt as a stimulus measure.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 2:46 pm

Chinese EV stocks NIO, XPeng, Zeekr, and Li Auto are rising as China plans to cut key rates to boost spending. Despite challenges like tariffs and semiconductor sanctions, partnerships with companies like Alibaba and Nvidia are enhancing the sector's prospects.

Portfolio Pulse from Anusuya Lahiri

September 27, 2024 | 12:06 pm

Li Auto has seen significant bullish interest from large investors in its options market, with 55% of trades being bullish. The stock is currently trading at $25.31, up 6.48%, but RSI suggests it may be overbought. Investors are eyeing a price range of $20 to $40.

Portfolio Pulse from Benzinga Insights

September 26, 2024 | 8:46 pm

The article highlights unusual options activity for 10 consumer discretionary stocks, providing insights into potential trading opportunities. Notable mentions include TSLA, NCLH, BABA, WYNN, AMZN, LI, PDD, JD, SBUX, and CROX, with varying sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

September 26, 2024 | 5:35 pm

Chinese stocks surged as China announced a significant fiscal stimulus to boost economic growth. Billionaire David Tepper is increasing his investments in Chinese equities, including companies with exposure to China like Wynn Resorts and Las Vegas Sands.

Portfolio Pulse from Adam Eckert

September 26, 2024 | 3:35 pm

NIO Inc's stock surged over 5.49% following the People's Bank of China's monetary stimulus, which included a 50 basis point cut in the reserve requirement ratio. This move is expected to boost lending and support sectors like the automotive market, benefiting NIO as a leader in China's EV market.

Portfolio Pulse from Henry Khederian

September 26, 2024 | 2:24 pm

Chinese stocks are experiencing a rise in share prices due to a report indicating that China plans to issue up to $284 billion in sovereign debt as a stimulus measure.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 12:57 pm

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