Headwinds For Li Auto Despite Strong Deliveries [Forbes]
Li Auto Inc. - American Depositary Shares (LI)
Company Research
Source: Forbes
Li Auto , the largest of the emerging EV players in China, delivered a record 53,709 vehicles for September 2024 - an increase of 49% percent year-over-year. Sales also expanded by about 11.6% compared to August. Li's total deliveries year to date stand at about 341,812 vehicles, an increase of 40% compared to last year. Li's performance for the quarter was also better than its rival XPeng which delivered 21,352 EVs in September, a 39% year-over-year growth. Although Li Auto didn't break down the key drivers of its growth, it's likely that the Li L6, the most affordable model in the company's lineup, had a big part to play. The vehicle has gained popularity among younger consumers. The vehicle, which was launched in April, is priced at about RMB 250,000 (about $34,500). Li also lowered prices for several of its models a few months ago and this has also likely helped support sales to an extent. Now despite the strong growth. Li Auto stock remains down by about 31% year-to-date. Ther
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News
- Li Auto Inc. Sponsored ADR (LI) Exceeds Market Returns: Some Facts to Consider [Yahoo! Finance]Yahoo! Finance
- Li Auto Inc. (NASDAQ: LI) had its "neutral" rating re-affirmed by analysts at Macquarie. They now have a $33.00 price target on the stock, up previously from $25.00.MarketBeat
- EU Set to Vote on Tariffs Targeting Electric Vehicles From China [Yahoo! Finance]Yahoo! Finance
- ‘European carmakers face innovation crisis amid Chinese advancements' [Yahoo! Finance]Yahoo! Finance
- Why Chinese Stocks Continued to Zoom Higher on Wednesday [Yahoo! Finance]Yahoo! Finance
LI
Sec Filings
- 10/1/24 - Form 6-K
- 9/6/24 - Form 6-K
- 9/6/24 - Form 6-K
- LI's page on the SEC website