Streetbeat News

Li Auto Inc.

https://www.lixiang.com

Industry

Auto - Manufacturers

Li Auto Inc., through its subsidiaries, designs, develops, manufactures, and sells new energy vehicles in the People's Republic of China. The company provides Li ONE, a six-seat smart electric sport utility vehicle that is equipped with smart vehicle solutions, navigation on ADAS, and automatic emergency breaking functionalities. It also offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment. 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, China.

Open

22.56

Mkt cap

22B

Volume

High

22.74

P/E Ratio

17.08

52-wk high

46.44

Low

22.36

Div yield

N/A

52-wk low

17.44

Nio, XPeng, and Li Auto reported strong EV delivery figures for June, boosting the EV market. Nio achieved record deliveries for the second consecutive month, XPeng maintained its growth streak, and Li Auto showed significant YoY growth. Tesla shares also rose ahead of its Q2 delivery report.

Portfolio Pulse from Upwallstreet

July 02, 2024 | 1:12 pm

Tesla shares rose 6.05% on Monday as investors anticipate quarterly delivery figures, with consensus estimates at 441,000 deliveries. Tesla also announced a partnership with New Zealand's Contact Energy to build a 100 MW battery storage system. Chinese EV stocks NIO, Li Auto, and XPeng also traded higher after reporting significant year-over-year delivery increases.

Portfolio Pulse from Erica Kollmann

July 01, 2024 | 9:45 pm

Cruise stocks fell due to Hurricane Beryl, the Supreme Court ruled on Trump presidential immunity, and Chinese EV companies reported their deliveries.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 8:04 pm

Chinese electric vehicle stocks NIO Inc (NYSE:NIO), Li Auto Inc (NASDAQ:LI), and XPeng Inc (NYSE:XPEV) traded higher on Monday after reporting strong monthly and quarterly delivery numbers. NIO saw a 98.1% year-over-year growth in June deliveries, Li Auto reported a 46.7% increase, and XPeng experienced a 24% rise. Despite an ongoing price war in the EV market, these companies showed significant growth.

Portfolio Pulse from Anusuya Lahiri

July 01, 2024 | 12:49 pm

Tesla's stock is set to breach the $200 mark in premarket trading, driven by optimism around its upcoming Q2 deliveries report and a rebound in China sales. Positive sentiment is also fueled by strong June sales from domestic EV startups Nio, XPeng, and Li Auto.

Portfolio Pulse from Shanthi Rexaline

July 01, 2024 | 12:03 pm

U.S. stocks are expected to start the week cautiously, with Nvidia likely to extend its slide, impacting tech stocks. Analyst Daniel Ives predicts a 15% gain for tech stocks in the second half of the year due to AI expansion. Key economic data and bond yields will be closely watched. Boeing fell after confirming its takeover of Spirit AeroSystems, while Tesla rose ahead of its deliveries report. Chinese EV startups saw gains, and GameStop dropped following a class action lawsuit against Roaring Kitty.

Portfolio Pulse from Shanthi Rexaline

July 01, 2024 | 11:35 am

Li Auto shares are trading higher after the company delivered 47,774 vehicles in June, up 46.7% year over year.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 11:16 am

Li Auto Inc. (NASDAQ: LI) reported a significant increase in vehicle deliveries for June 2024, with a 46.7% year-over-year rise to 47,774 vehicles. The company's Q2 deliveries also saw a 25.5% increase year-over-year, reaching 108,581 vehicles. Cumulative deliveries as of June 30, 2024, totaled 822,345 vehicles, making Li Auto the leading emerging new energy auto brand in China.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 8:33 am

The electric vehicle (EV) sector saw significant developments this week, including Tesla's upcoming Q2 deliveries, Rivian's partnership with Volkswagen, and Nikola's deal with Walmart Canada. Tesla's delivery numbers are anticipated with mixed expectations, Rivian's stock surged on a financing deal, and Nikola delivered its hydrogen fuel-cell trucks to Walmart Canada. Other notable mentions include BYD's new plant in Uzbekistan and Ford's plans for a low-cost EV.

Portfolio Pulse from Shanthi Rexaline

June 29, 2024 | 1:48 pm

Shares of Chinese EV stocks, including LI, NIO, and XPEV, are trading lower amid ongoing European Union tariff talks.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 4:08 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.