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

Shares of US-listed Chinese companies are trading higher following the announcement of a new stimulus package by China's Central Bank.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 11:49 am

Tesla's stock is set for more gains after erasing its losses for the year, driven by strong vehicle registration data from China. The stock rose nearly 5% on Monday and is up 0.6% for the year. Analysts expect further gains ahead of the third-quarter delivery report.

Portfolio Pulse from Shanthi Rexaline

September 24, 2024 | 11:30 am

High-rolling investors are showing a bullish stance on Li Auto (NASDAQ:LI) with significant options activity, indicating potential privileged information. The sentiment is mostly bullish, with a price target range of $20.0 to $37.0. Li Auto's stock is currently up 3.53% at $22.3.

Portfolio Pulse from Benzinga Insights

September 23, 2024 | 6:45 pm

The U.S. Commerce Department has proposed a ban on Chinese-made vehicles with key communications and automated driving systems due to national security concerns. This could significantly impact Chinese automakers like BYD, Nio, and Xpeng, as well as American and international automakers sourcing components from China. The proposal is part of a broader U.S. strategy to limit China's economic influence. Stocks of affected companies showed mixed reactions, with GM falling over 3% and Ford rising 1.3%.

Portfolio Pulse from Piero Cingari

September 23, 2024 | 1:26 pm

Alibaba's cloud computing unit partners with Nvidia to enhance autonomous driving for Chinese automakers amid U.S. semiconductor sanctions. The collaboration integrates Alibaba's language models with Nvidia's platforms, showcasing advancements at the Apsara Conference.

Portfolio Pulse from Anusuya Lahiri

September 23, 2024 | 11:08 am

The Federal Reserve's decision to cut interest rates by 50 basis points led to significant gains in large-cap stocks across various sectors. Constellation Energy, Vistra Inc., and Carvana were among the top performers, with notable stock price increases due to strategic agreements and analyst upgrades.

Portfolio Pulse from Lekha Gupta

September 22, 2024 | 8:43 pm

The EV sector saw mixed results this week. Tesla's China sales are on track for a record quarter, while European sales declined. Rivian launched new tri-motor R1 variants, and Nio introduced the Onvo L60. Faraday Future announced a new brand, and Hyzon Motors began production of a new hydrogen truck.

Portfolio Pulse from Shanthi Rexaline

September 21, 2024 | 2:14 pm

NIO Inc. shares are trading higher as 40% of its store managers are former Tesla employees. NIO's Onvo is launching the L60, priced lower than Tesla's Model Y in China. NIO has also expanded its store count to 120.

Portfolio Pulse from Nabaparna Bhattacharya

September 19, 2024 | 7:13 pm

US-listed Chinese stocks are potentially trading higher due to expectations of a rate cut by the People's Bank of China and recent rate cuts by the US Federal Reserve.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:50 pm

Tesla's stock is rallying in premarket trading, driven by a 50 basis point cut in the Fed funds rate and strong vehicle registration data from China. The rate cut is expected to ease consumer borrowing costs, potentially boosting demand in the EV sector.

Portfolio Pulse from Shanthi Rexaline

September 19, 2024 | 12:31 pm

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