How Li Auto Stock Could 2x [Forbes]
Li Auto Inc. - American Depositary Shares (LI)
Company Research
Source: Forbes
NurPhoto via Getty Images Li Auto , the largest of the emerging EV players in China, delivered 51,443 vehicles in October 2024, up 27.3% year-over-year. However, sales were down from 53,709 in September 2024. Li's total deliveries year-to-date stand at about 393,255 vehicles, an increase of 38% compared to last year. Li's performance for the quarter was mixed compared to rivals. Nio delivered 20,976 vehicles in October, showing the strongest year-over-year growth of 30%, although numbers were roughly flat month over month. XPeng delivered 23,917 vehicles, a record for the company, up about 19% compared to last year. Although Li Auto didn't break down the key drivers of its growth, it's quite 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
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News
- Is Li Auto (LI) a Buy as Wall Street Analysts Look Optimistic? [Yahoo! Finance]Yahoo! Finance
- China Passenger Car Mobile Phone Wireless Charging Research Report 2024: Solutions to Major Enduring Problems in Automotive Mobile Phone Wireless Charging [Yahoo! Finance]Yahoo! Finance
- Li Auto Inc. (NASDAQ:LI) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap? [Yahoo! Finance]Yahoo! Finance
- 3 Top EV Stocks to Buy in November [Yahoo! Finance]Yahoo! Finance
- Is Li Auto Stock's (LI) Selloff Justified as Trump Vows to Raise Tariffs? [Yahoo! Finance]Yahoo! Finance
LI
Sec Filings
- 11/13/24 - Form 144
- 11/6/24 - Form 6-K
- 11/1/24 - Form 6-K
- LI's page on the SEC website