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's shares are trading higher by 2.3% after the company announced a 302.1% year-over-year increase in October deliveries, reaching 40,422 vehicles. The company remains the top-selling premium SUV brand in China, with anticipation building for their upcoming Li MEGA 5C BEV model.

Portfolio Pulse from Henry Khederian

November 02, 2023 | 3:03 pm

Li Auto Inc's shares are trading higher after the company announced a 302.1% YoY increase in October deliveries, reaching 40,422. The cumulative deliveries in 2023 reached 284,647. Li Auto has maintained its lead as the best-selling premium brand among SUVs in China. The company is also generating excitement for their upcoming Li MEGA 5C BEV model.

Portfolio Pulse from Henry Khederian

November 01, 2023 | 7:49 pm

BYD Company Limited reported its highest ever quarterly profit for Q3, outperforming Tesla Inc. Li Auto, XPeng, and Nio also recorded delivery records in October. Li Auto aims to become the top-selling luxury brand in China, with sales rising 664% YoY in August. XPeng, backed by Volkswagen, delivered a record 20,002 units in October, a 292% YoY growth. Nio reported a 59.8% YoY growth in October deliveries.

Portfolio Pulse from Upwallstreet

November 01, 2023 | 4:26 pm

Li Auto reported October deliveries of 40,422 vehicles, marking a 302.1% increase from the same period last year. This news has led to a rise in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 3:25 pm

Li Auto reported a 302.1% YoY increase in vehicle deliveries for October 2023, with a total of 40,422 vehicles delivered. This marks the first time monthly deliveries have exceeded 40,000. Cumulative deliveries for 2023 reached 284,647. The company also expanded its retail presence to 372 stores in 133 cities and 315 servicing centers in 210 cities.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 8:33 am

BYD Company Limited reported Q3 2023 earnings that beat analyst expectations, with sales of 162 billion RMB ($22.1 billion), a 38.49% improvement YoY, and net profit of 9.7 billion RMB, up 81% YoY. Despite the strong performance, HSBC cut its price target for BYD by 4% due to increased A-share and H-share spread, but maintained its Buy rating. HSBC also predicts Q4 earnings will rise and forecasts an additional increase in earnings growth of 7-16% for the 2023-2025 period.

Portfolio Pulse from Daniel Harrison

October 30, 2023 | 5:52 pm

Ford Motor (NYSE:F) reported Q3 profit of $1.2 billion, up from a loss of $827 million YoY, with revenue increasing 11% to $44 billion. However, its EV unit lost $1.3 billion, double the loss from the previous year. Ford also reached an agreement with the UAW, which will cost the company $8.1 billion in new plant investments and other economic costs. This has led Ford to withdraw its 2023 guidance and postpone $12 billion in EV investment. The company's position is further weakened against Tesla (NASDAQ:TSLA), which also faces challenges from Chinese competitors BYD (OTC:BYDDY), Xpeng (NYSE:XPEV), Li Auto (NASDAQ:LI), and Nio (NYSE:NIO).

Portfolio Pulse from Upwallstreet

October 30, 2023 | 5:11 pm

Nio Inc (NYSE:NIO) has seen a significant decline in its market capitalization due to increasing competition, price wars, and an overall decline among Chinese stocks. Despite this, Wall Street analysts predict a potential upside of 90% - 160% from the company’s present price. Nio reported a year-on-year increase of 43.8% in EV deliveries in September and a 75.4% improvement year-on-year for the third quarter overall. However, the company's profit margins are uncertain due to the price war between EV makers. Nio raised $1 billion last month, half of which was used to redeem future-dated loan notes and save the company on future interest payment costs.

Portfolio Pulse from Daniel Harrison

October 30, 2023 | 3:57 pm

Fitch Ratings reports that rising regulatory risks in the EU may hamper the strategy of some global automakers to sell China-made new energy vehicles in the region. This could affect companies like BYD Co Ltd (BYDDF), iShares China Large-Cap ETF (FXI), Li Auto Inc. (LI), NIO Inc. (NIO), Tesla Inc. (TSLA), Vanguard FTSE Europe ETF (VGK), and XPeng Inc. (XPEV).

Portfolio Pulse from Charles Gross

October 30, 2023 | 10:19 am

Major electric vehicle (EV) stocks declined in the week ending Oct. 27, with Tesla (TSLA) extending its lean patch. Tesla debuted on Fortune’s list of 100 fastest-growing companies in 2023 and announced modest price hikes for some Model Y variants. Ford (F) is pushing back its $12 billion EV investment due to losses and market challenges. Mercedes-Benz (MBGAF, MBGYY) reported disappointing Q3 results and lowered its full year guidance. Nikola (NKLA) was awarded $165 million plus interest in an arbitration proceeding with its founder. Fisker (FSR) announced price cuts for its top trim Extreme. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) fell 2.64% for the week.

Portfolio Pulse from Shanthi Rexaline

October 28, 2023 | 1:55 pm

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