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

The China Association of Auto Manufacturers (CAAM) has retracted its pledge to avoid abnormal pricing, citing antitrust law. This has led to a premarket drop in the shares of Chinese electric vehicle (EV) companies.

Portfolio Pulse from Charles Gross

July 10, 2023 | 8:49 am

According to the China Passenger Car Association, China's passenger vehicle sales fell 2.9% YoY in June to 1.91 million units. However, sales rose 2.5% in H1 to 9.65 million units.

Portfolio Pulse from Charles Gross

July 10, 2023 | 8:27 am

The pledge made by 16 automakers, including Tesla Inc., BYD Co, Li Auto, and Nio, to refrain from unsettling the China market with 'abnormal prices' has been retracted less than two days after its signing. The China Association of Auto Manufacturers, which organized the pledge, stated that the clause was inappropriate and violated the spirit of the anti-monopoly law. The association urged companies to set their own prices and compete fairly.

Portfolio Pulse from Anan Ashraf

July 08, 2023 | 9:44 am

A significant investor has taken a bearish stance on Li Auto (NASDAQ:LI), with 69% of recent trades being bearish and 30% bullish. The trades include 6 puts totaling $217,060 and 7 calls totaling $637,608. The targeted price range for Li Auto over the last 3 months has been $25.0 to $47.0. The current price of LI is down -0.66% at $35.52, and RSI indicators suggest the stock may be approaching overbought. The next earnings are expected in 39 days.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 4:01 pm

Chinese EV manufacturer Li Auto has outperformed traditional automakers in China's EV market, delivering nearly 87,000 cars in the last quarter, a threefold increase from the previous year. Meanwhile, deliveries for competitors Xpeng and Nio fell over the same period. Traditional automakers like Guangzhou Automobile and Geely Automobile are also adapting their strategies to the growing EV market. The latter's premium Zeekr brand has seen rapid growth, with deliveries increasing 147% YoY in June.

Portfolio Pulse from Benzinga Newsbot

July 06, 2023 | 12:07 pm

Benzinga's options activity scanner has identified significant options activity in the Consumer Discretionary sector. Notable trades include bullish call options for TSLA, RIVN, LI, AAP, ASO, LEN, APTV, and HELE, and a bearish put option for LULU. The trades vary in expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 5:39 pm

Several electric vehicle (EV) manufacturers, including Tesla, BYD, XPeng, Rivian, Li Auto, and Nio, reported record deliveries in Q2. Tesla and BYD achieved record deliveries of their made-in-China EVs. Rivian tripled its EV production and deliveries in Q2, achieving a new all-time high. Li Auto and Nio also reported strong delivery numbers. Despite a challenging macroeconomic environment in China and intense competition, XPeng saw a 27% quarter-on-quarter improvement in deliveries.

Portfolio Pulse from Upwallstreet

July 05, 2023 | 1:29 pm

Benzinga's options activity scanner has identified significant options activity in the Consumer Discretionary sector. Notable stocks include Tesla (TSLA), Rivian (RIVN), Li Auto (LI), Aptiv (APTV), Bloomin' Brands (BLMN), McDonald's (MCD), Ulta Beauty (ULTA), EVgo (EVGO), NIO (NIO), and Overstock.com (OSTK). The options activity includes both bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

July 04, 2023 | 5:39 pm

U.S. stocks ended marginally higher on Tuesday with the Dow, NASDAQ, and S&P 500 all seeing slight gains. The top trending stocks were Rivian Automotive, Li Auto, Tesla, O’Reilly Automotive, and Kilroy Realty. Rivian and Tesla reported Q2 production and delivery numbers in line with expectations, while Li Auto led in sales among Chinese EV startups. O’Reilly Automotive saw a rise in short percentage of float, indicating increased bearish sentiment. Kilroy Realty announced the release date for its Q2 2023 financial results.

Portfolio Pulse from Benzinga Newsbot

July 04, 2023 | 12:42 am

The article reports on the options activity of 10 consumer discretionary stocks, including Tesla (TSLA), Rivian (RIVN), Li Auto (LI), Aptiv (APTV), Bloomin' Brands (BLMN), McDonald's (MCD), Ulta Beauty (ULTA), EVgo (EVGO), NIO (NIO), and Overstock.com (OSTK). The options activity is tracked by Benzinga's options activity scanner, which monitors the transactions of entities with large sums of money, also known as 'whales'. The article provides detailed information on the type of options activity (call or put), the sentiment (bullish or bearish), the expiration date, the strike price, the total trade price, the open interest, and the volume for each stock.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 5:39 pm

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