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

Chinese EV companies are increasingly adopting extended-range electric vehicles (EREVs) to address concerns over electric range and charging infrastructure. IM Motors, a unit of SAIC Motor Corp, is introducing a gas engine in its new model with a 124-mile electric range. Li Auto Inc (NASDAQ:LI) has found success with EREVs, indicating strong market demand. Other companies like Avatr Technology, Leapmotor, and Neta Auto are also developing EREVs, which use a gas engine solely as a range extender, unlike hybrids that use both power sources to drive.

Portfolio Pulse from Benzinga Neuro

February 26, 2024 | 5:03 am

This week in the EV sector, bearish sentiment surrounded Tesla, with its stock underperforming due to a double miss in Q3 2023 earnings and price adjustments. Rivian and Lucid faced production challenges and disappointing earnings, while Ford paused F-150 Lightning shipments. Nio is testing humanoid robots for production efficiency, and Volvo plans to cut its stake in Polestar. The KraneShares Electric Vehicles ETF saw a slight decline.

Portfolio Pulse from Shanthi Rexaline

February 24, 2024 | 3:17 pm

Li Auto (NASDAQ:LI) is scheduled to release its quarterly earnings report on Monday, 2024-02-26, with analysts expecting an EPS of $0.29. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat resulting in a 1.83% drop. Shares are currently trading at $34.99, up 52.88% over the last 52 weeks. Investors are looking for not just an earnings beat but also positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 2:01 pm

Hong Kong stocks, particularly the Hang Seng Index (HSI), are entering the year of the dragon with historical optimism, given the index's average gain of 14% in past dragon years. However, uncertainties such as the U.S. presidential election and interest rate policy may affect the rally. Positive signs include China's economic stimulus and foreign investment in Chinese companies like Alibaba, Li Auto, JD.com, and NetEase. Major investment banks predict varied HSI performance, with potential impacts from U.S.-China relations and global geopolitics. Analysts advise cautious investment, favoring stocks with a strong mainland focus or those undervalued, like Alibaba.

Portfolio Pulse from The Bamboo Works

February 22, 2024 | 1:10 pm

Nvidia Corp. (NASDAQ:NVDA) reported a 4% year-over-year decline in automotive revenue, raising concerns about the adoption of self-driving technology in EVs. Despite this, Nvidia's Automotive segment reached a $1 billion annual revenue run-rate in FY2024. The decline is seen as a leading indicator for the adoption pace of self-driving tech, which faces safety and regulatory hurdles. Nvidia supplies self-driving chips to several Chinese automakers and Tesla, which is working to reduce reliance on Nvidia by developing its own supercomputer, Dojo. The KraneShares Electric Vehicles and Future Mobility Index ETF (NYSE:KARS) saw a slight increase, indicating broader EV market optimism.

Portfolio Pulse from Shanthi Rexaline

February 22, 2024 | 8:04 am

Li Auto Inc.'s CEO, Li Xiang, has called on the Chinese government to facilitate mergers and acquisitions among struggling electric vehicle (EV) manufacturers to avoid social losses from company failures. He highlighted the need for industry consolidation, citing the U.S. Big Three auto giants as an example. This comes amid a slow start to the year for China's new-energy vehicle sales, with January shipments to dealers dropping 37% compared to December. The intense competition in China's EV market has led to a significant reduction in the number of manufacturers, from around 500 in 2019 to about 100 last year.

Portfolio Pulse from Nabaparna Bhattacharya

February 21, 2024 | 5:43 pm

Li Auto Inc. (NASDAQ:LI) shares are up in premarket trading after announcing a business cooperation pact with SunCar Technology Group Inc. (NASDAQ:SDA) to develop 'Li Auto Insurance's Broker System.' This system aims to enhance technological advancement and operational efficiency in the insurance industry, with completion expected by November 15, 2024. SunCar will provide design, development, operational support, and lifelong maintenance for the system.

Portfolio Pulse from Nabaparna Bhattacharya

February 21, 2024 | 2:29 pm

Suncar Technology Group Inc. has entered into a business cooperation agreement with Li Auto to develop advanced system software, marking a significant collaboration in the automotive technology sector.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 12:37 pm

Electric vehicle stocks had mixed performances in the week ending Feb. 16, with Tesla seeing a third week of gains and Rivian pulling back after a previous rally. Key events included Tesla's Model 3 LR price hike, Stellantis adopting Tesla's charging standard, a temporary relaxation of a strike against Tesla, Rivian teasing its R2 platform, Lucid's price cuts and CEO bonus controversy, and GM and Ford's openness to partnerships against Chinese rivals. Fisker announced dealer partnerships, and the KraneShares Electric Vehicles ETF saw a weekly gain.

Portfolio Pulse from Shanthi Rexaline

February 17, 2024 | 2:18 pm

Chinese EV traders are exploiting a loophole that allows the export of new cars as secondhand, bypassing trade barriers. This tactic has enabled the export of popular models from BYD Co and Li Auto to markets like Russia, Kazakhstan, and Saudi Arabia, despite a 25% tariff on Chinese auto imports by the US. The demand for Chinese EVs is rising globally, leading to strategic discussions among China's top automakers.

Portfolio Pulse from Benzinga Neuro

February 12, 2024 | 5:57 am

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.