Chinese EV makers extend buying incentives as price war enters third year [Yahoo! Finance Canada]
Li Auto Inc. - American Depositary Shares (LI)
Company Research
Source: Yahoo! Finance Canada
BEIJING (Reuters) - Chinese electric vehicle makers including Nio and Li Auto have followed market leaders Tesla and BYD in extending buying incentives to the start of 2025, as a price war in the world's largest auto market continues for a third year. Li Auto announced on Thursday cash subsidies of 15,000 yuan ($2,055) per car purchase as well as a three-year zero-interest financing scheme. Nio launched a similar zero-interest loan plan for its Nio- and Onvo-branded EV buyers on Wednesday. The incentives are intended to encourage purchases before the government subsidy schemes for the new year start. More than 5.2 million cars sold as of mid-December had benefited from Chinese government subsidies. China has signalled an extension of consumer goods trade-ins in 2025, but specifics for the policy implementation nationwide remain unclear. Nanjing, the capital city of eastern China's Jiangsu province, said earlier this week it would continue to provide subsidies of up to 4,000
Show less
Read more
Impact Snapshot
Event Time:
LI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LI alerts
High impacting Li Auto Inc. - American Depositary Shares news events
Weekly update
A roundup of the hottest topics
LI
News
- How Chinese Lending Firm Cango Became a Bitcoin Mining Powerhouse [Yahoo! Finance]Yahoo! Finance
- What's Happening With Li Auto Stock? [Forbes]Forbes
- How Do 2024 Vehicle Deliveries for NIO, LI and XPEV Compare? [Yahoo! Finance]Yahoo! Finance
- Chinese EV makers extend buying incentives as price war enters third year [Yahoo! Finance]Yahoo! Finance
- China Passenger Car Highway & Urban NOA (Navigate on Autopilot) Research Report 2024: 1st Year of Map-free Urban NOA has Arrived, Many OEMs have Launched Intelligent Driving Solutions Without HD Maps [Yahoo! Finance]Yahoo! Finance
LI
Sec Filings
- 1/2/25 - Form 6-K
- 12/16/24 - Form 6-K
- 12/9/24 - Form 144
- LI's page on the SEC website