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

Li Auto Inc (NASDAQ:LI) announced the start of deliveries for its first battery electric vehicle (BEV), the MEGA, in February. The MEGA received over 10,000 pre-orders in under 2 hours. It offers a 500 km range on a 12-minute charge and is expected to be priced at around 600,000 yuan ($82,796). Li Auto expressed confidence in the MEGA becoming a top choice for families, aiming to lead in sales across all energy and body types. The company also reported crossing 300,000 cumulative deliveries this year, with the Li L7 leading sales and outperforming Tesla in October sales.

Portfolio Pulse from Anan Ashraf

November 17, 2023 | 11:08 am

Microsoft CEO Satya Nadella stated the company is focusing on global markets excluding China, in light of US national security concerns. Microsoft, which has been present in China since 1992 and provides AI services to Chinese firms like Li Auto and Xiaomi, is adhering to US government restrictions. This comes after the US introduced export restrictions on AI chips for China. Nadella mentioned the importance of following US trade, competition, and security policies, and does not see China's manufacturing role for Microsoft's Surface PCs as a major issue unless supply chain disruptions occur.

Portfolio Pulse from Benzinga Neuro

November 16, 2023 | 10:09 am

Labor disputes are affecting major automakers like Ford, Stellantis, and General Motors, with potential strikes looming if UAW agreements are rejected. Tesla also faces labor issues in Sweden. In contrast, XPeng and Worksport reported strong Q3 results, with Worksport's North American sales surging and securing significant orders and agreements. Worksport's 'Made in the USA' products and R&D investments position it well in the market. Hyundai, Toyota, and Honda have raised wages, while Tesla's refusal to negotiate in Sweden and price war strategies may impact its margins and market position.

Portfolio Pulse from Upwallstreet

November 15, 2023 | 4:04 pm

Li Auto (NASDAQ:LI) surpassed Tesla (NASDAQ:TSLA) in October car sales, selling 40,422 cars compared to Tesla's 28,626. Li Auto expects to maintain similar monthly sales in Q4 and is launching new battery-only vehicles in 2024. Li Auto reported strong Q3 results with a profit of $386 million and revenue of $4.75 billion. Tesla, facing competition from BYD (OTC:BYDDY) and others, reported its first revenue and earnings miss since 2019. BYD is expanding in Europe with a new facility in Hungary.

Portfolio Pulse from Upwallstreet

November 14, 2023 | 1:22 pm

Financial analysts have observed a bearish sentiment among options traders for Li Auto (NASDAQ:LI), with 80% of the unusual trades being puts. The trades suggest that big players anticipate Li Auto's stock to stay within $35.0 to $40.0. Li Auto, a Chinese NEV manufacturer, has seen its stock price increase by 3.03% to $38.08, with a high trading volume and potential overbought RSI readings. The company's next earnings release is expected in 105 days.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 7:15 pm

Barron's weekend stock picks include Tesla, Li Auto, Meta, and Bank of America. Tesla is exploring new sales strategies by listing EVs on Cars.com. Bank of America's stock is down, but insider buying suggests confidence. Disney's strong earnings may not satisfy activist Peltz. Li Auto's sales growth in China outpaces Tesla's, and Meta partners with Tencent to re-enter China with VR headsets.

Portfolio Pulse from Justin Chan

November 11, 2023 | 9:20 pm

Electric vehicle stocks experienced a downturn in the week ending Nov. 11, with Lucid Group reporting a disappointing quarter and lowering its 2023 production outlook. Tesla faced unionization support from President Biden and labor issues in Sweden, while also adjusting prices in China. Fisker is seeking manufacturing partners, and Canoo unveiled a new electric truck. Mercedes-Benz is expanding its charging network in the U.S. The KraneShares Electric Vehicles ETF saw a weekly decline.

Portfolio Pulse from Shanthi Rexaline

November 11, 2023 | 3:28 pm

Li Auto's shares are trading lower after the company released its Q3 earnings report.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 8:24 pm

Li Auto Inc (NASDAQ: LI) reported Q3 FY23 revenue growth of 271.2% YoY to $4.75 billion, beating the consensus of $4.59 billion. Vehicle sales increased 271.6% to $4.61 billion, mainly due to the increase in vehicle deliveries. Total vehicle deliveries were 105,108 units in Q3, a 296.3% YoY increase. The company expects Q4 FY23 revenue of $5.27 billion - $5.40 billion, representing an increase of 117.9% - 123.1% YoY.

Portfolio Pulse from Anusuya Lahiri

November 09, 2023 | 2:03 pm

The stock market's momentum appears to be waning with futures suggesting a mixed opening for Thursday. Earnings reports have generally been positive, with companies like Walt Disney Co. posting encouraging quarterly results. Bond yields have started to rise in anticipation of the IMF panel discussion, featuring Federal Reserve Chair Jerome Powell. Morgan Stanley's Lisa Shalett remains wary of a potential slowing in economic growth, the specter of sticky inflation, the overall market trend remaining sideways and uninspiring, and the stresses emerging in the high-yield or speculative grade credit.

Portfolio Pulse from Shanthi Rexaline

November 09, 2023 | 12:25 pm

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