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

B of A Securities analyst Ming Hsun Lee maintains a Buy rating on Li Auto (NASDAQ:LI) but lowers the price target from $60 to $55.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:28 am

China's EV market is experiencing significant growth, with BYD, backed by Warren Buffett, leading as the world's largest seller of electric vehicles. BYD predicts NEV penetration will exceed 50% in the next three months. Nio focuses on long-life batteries, XPeng targets the budget segment with a new brand, Li Auto considers adjusting its sales target, and Huawei expects its auto unit to be profitable by 2024.

Portfolio Pulse from Anan Ashraf

March 18, 2024 | 10:59 am

In Monday's pre-market session, Logitech International S.A. (LOGI) shares fell by 4.8% following the announcement of CFO Chuck Boynton's departure and a reaffirmation of its 2024 financial outlook. Other notable stocks experiencing declines include B. Riley Financial, Inc. (RILY), which dipped 11% due to its failure to file audited results, and Shift4 Payments, Inc. (FOUR), which dropped 9.1% after reports that bids from potential contenders undervalued the firm. Additional stocks mentioned with pre-market losses are Nanobiotix S.A. (NBTX), AlTi Global, Inc. (ALTI), Li Auto Inc. (LI), Geron Corporation (GERN), and Sibanye Stillwater Limited (SBSW).

Portfolio Pulse from Avi Kapoor

March 18, 2024 | 9:57 am

Mixed sentiment in the EV sector was influenced by Tesla's lowered delivery estimates and broader market concerns. Tesla faces challenges but sees opportunities in India with new EV policies. Fisker's bankruptcy rumors caused a significant stock drop. Rivian received a positive upgrade from Piper Sandler. Polestar announced a price cut for its upcoming SUV. The KraneShares Electric Vehicles ETF saw a slight increase.

Portfolio Pulse from Shanthi Rexaline

March 16, 2024 | 2:42 pm

Chinese EV stocks, including LI, NIO, and XPEV, are experiencing an uptick in their share prices due to the overall strength of the Chinese market. Additionally, the sector's growth is potentially influenced by reports that Nissan and Honda are contemplating reductions in their production capacities in China.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 3:36 pm

Li Auto (NASDAQ:LI) has seen varied analyst ratings over the past three months, with a recent shift towards more bullish sentiments. The average 12-month price target for LI has increased to $57.75, up from $53.75. Analysts from Morgan Stanley, B of A Securities, Barclays, and Deutsche Bank have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. Li Auto, a Chinese NEV manufacturer, reported over 376,000 NEV sales in 2023, with a revenue growth rate of 20.34%, a net margin of 13.56%, and an ROE of 9.95%. The company's financials indicate strong profitability, effective cost management, and efficient use of equity capital.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 1:01 pm

Morgan Stanley analyst Tim Hsiao has maintained an Overweight rating on Li Auto (NASDAQ:LI) and increased the price target from $63 to $74.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 10:19 am

Tesla faced potential Q1 delivery misses and a production halt at its Berlin factory due to suspected arson, impacting its stock. Rivian saw a surge in pre-orders for its new R2 model. Nio is launching a Model Y rival with lower costs. Ford struggles with EV transition, focusing on hybrids. Lucid's price target was halved by RBC. The KraneShares Electric Vehicles ETF fell 3.68% for the week.

Portfolio Pulse from Shanthi Rexaline

March 09, 2024 | 2:16 pm

Li Auto Inc (NASDAQ:LI) shares dropped in premarket trading due to reports of declining EV deliveries in China. Bernstein analyst Eunice Lee maintains an Outperform rating with a $52.50 price target, viewing the recent 20% stock decline as a buying opportunity. The decline was attributed to weaker than expected order intake for MEGA, Li Auto's flagship MPV. Despite bullish guidance for 2024 and strong Q4 earnings, market chatter suggests only about 4k non-refundable orders for MEGA, against management's guidance of 5k monthly deliveries and an internal target of over 8k.

Portfolio Pulse from Priya Nigam

March 07, 2024 | 6:00 pm

Hesai has been chosen as the LiDAR supplier for Li Auto's new model, Li MEGA, marking a significant partnership in the automotive and technology sectors.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 1:48 pm

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