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

Major Chinese tech stocks, including Alibaba, Baidu, and Weibo, are experiencing significant declines in pre-market trading due to a disappointing Chinese government stimulus announcement. Alibaba shares fell 6.6%, Baidu 8%, and Weibo 12%.

Portfolio Pulse from Avi Kapoor

October 08, 2024 | 12:27 pm

US-listed Chinese stocks are experiencing a decline as Chinese planning officials did not meet investor expectations for economic stimulus.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 12:22 pm

Li Auto is reportedly developing an in-house smart driving SoC, expected to enter production by the end of the year, according to DigiTimes. This development could enhance Li Auto's technological capabilities and competitiveness in the smart driving sector.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 1:27 pm

Chinese stocks listed in the US, including Alibaba, JD.com, and NIO, are rallying due to anticipated stimulus measures from Beijing. The stimulus is expected to benefit e-commerce and electric vehicle sectors, with significant fund inflows into Chinese and Hong Kong markets. Alibaba and other e-commerce stocks are trading higher, while Chinese EV stocks like NIO and XPeng also see gains. The potential fiscal stimulus could range from 1.5 trillion to 2 trillion yuan.

Portfolio Pulse from Anusuya Lahiri

October 07, 2024 | 1:00 pm

US-listed Chinese stocks, including Futu Holdings, KE Holdings, JD.com, and others, saw significant gains last week due to China's economic stimulus measures. Other notable gainers included Vistra Corp and Diamondback Energy, driven by analyst upgrades.

Portfolio Pulse from Lekha Gupta

October 06, 2024 | 4:43 pm

The EV sector experienced a mixed week with Tesla's Q3 deliveries slightly beating estimates but causing a stock dip, Rivian missing sales forecasts and seeking a DOE loan, and Nikola exceeding delivery expectations. GM saw a rise in EV sales, while Ford's growth was modest. Nio plans expansion in the MENA region.

Portfolio Pulse from Shanthi Rexaline

October 05, 2024 | 5:13 pm

Macquarie Equity Research has issued a positive outlook for the Chinese EV market, highlighting benefits for BYD and Nio from a $142 billion stimulus package. BYD is expected to see significant growth due to new model launches and overseas expansion, while Nio's battery-as-a-service model shows promise. Li Auto faces challenges with no new models and a shift towards BEVs, leading to a downgrade to Neutral.

Portfolio Pulse from Stjepan Kalinic

October 04, 2024 | 8:00 pm

Chinese stocks, including Alibaba, JD.com, and Nio, are experiencing gains due to anticipated stimulus measures from China's central bank. The stimulus aims to boost domestic spending and has already restored significant market value. E-commerce and electric vehicle stocks are expected to benefit, especially with the upcoming holiday shopping season.

Portfolio Pulse from Anusuya Lahiri

October 04, 2024 | 3:58 pm

The European Union is set to impose tariffs of up to 45% on Chinese-made electric vehicles for the next five years, aiming to protect European carmakers from rising competition. This decision comes despite concerns about potential retaliation from China.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 2:56 pm

Several top Wall Street analysts have downgraded their ratings for major companies, including GE Vernova, Li Auto, Chubb Limited, Dine Brands Global, and BHP Group. Despite downgrades, some price targets were raised, indicating mixed sentiment.

Portfolio Pulse from Avi Kapoor

October 04, 2024 | 2:25 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.