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Tag: Li Auto Inc

  • Li Auto (LI) Shares Climb Amid Strong EV Sales Performance

    Li Auto (LI) Shares Climb Amid Strong EV Sales Performance

    Li Auto Inc. (NASDAQ: LI) stock is seeing a notable momentum on the US stock charts following the announcement of record electric vehicle (EV) sales. As of the latest check, shares of Li Auto were trading at $28.33, reflecting a robust gain of 10.42% during the current trading session. This uptick in LI stock value corresponds with impressive delivery figures released by the company.

    Li Auto Shared Impressive Delivery Figures for September

    Li Auto delivered 53,709 automobiles in September 2024, a spectacular 48.9% increase over the same month the previous year. With this accomplishment, the company’s third-quarter total deliveries reached 152,831, a 45.4% increase year over year. Li Auto has successfully delivered 341,812 automobiles so far this year, increasing the total number of deliveries made since the company’s founding to 975,176 as of September 30, 2024.

    Market Leadership in the NEV Segment

    The growth trajectory of Li Auto is further underscored by the increasing penetration of new energy vehicles (NEVs), which has now surpassed 50%. This trend has solidified the market dominance of leading brands, with the top three manufacturers claiming over 50% of the RMB200,000 and above NEV market. Notably, Li Auto has secured over 17% of the market share within this segment, ranking it first among Chinese automotive brands. The steady increase in orders for the Li L series and Li MEGA has facilitated record deliveries in September.

    Li Auto Aiming for Milestones in the NEV Market

    Looking ahead, Li Auto is poised to achieve a significant milestone in October: the completion of production and delivery of its one millionth vehicle. This landmark event symbolizes not just sales success but also a pivotal shift in the intelligent transformation of NEVs, particularly concerning advancements in autonomous driving technologies.

    With ongoing investments in research and development, Li Auto is committed to democratizing technology, achieving an average of one over-the-air (OTA) upgrade per month, and enhancing user experience with its innovative autonomous driving architecture. As of September 30, 2024, the company operated 479 retail stores across 145 cities, 436 servicing centers, and 894 supercharging stations equipped with 4,286 charging stalls throughout China.

  • Li Auto (LI) Stock Surged After Announcing October Deliveries

    Li Auto (LI) Stock Surged After Announcing October Deliveries

    Li Auto Inc (NASDAQ: LI) stock has garnered substantial momentum in today’s early trading session. At the latest market check, Li Auto’s stock is trading at $34.91, reflecting a notable increase of 3.25%. This surge in LI stock value coincides with the company’s recent delivery update announcement.

    Today, Li Auto (LI) unveiled its delivery figures for October 2023, revealing the dispatch of 40,422 vehicles during that month. The significant delivery growth represents a 302.1% year-over-year increase as the milestone marks the first time that monthly deliveries have exceeded the 40,000 mark. As of the end of October, the cumulative total of Li Auto vehicle deliveries in 2023 has reached 284,647.

    Li Auto’s achievement of consistently robust growth over ten consecutive months is truly noteworthy. It underscores the company’s continual enhancement of its operational capabilities across production, sales, and services. Particularly significant is the fact that Li Auto has become the first Chinese emerging new energy automaker to reach this milestone, symbolizing its entry into the next phase of accelerated expansion.

    Li Auto has maintained its dominance in the premium SUV segment priced above RMB300,000 for six consecutive months. With that, Li Auto solidified its position as the best-selling premium SUV brand in China. Its Li L series, in particular, continues to enjoy widespread popularity, with the Li L9 ranking first in the full-size SUV market for thirteen consecutive months. Additionally, both the Li L7 and Li L8 have consistently claimed the top two positions in the large SUV market for six consecutive months.

    The cumulative deliveries of Li L9 and Li L8 have each surpassed 100,000 units. Furthermore, the upcoming launch of the Li MEGA super flagship 5C BEV model has garnered substantial anticipation, highlighting Li Auto’s potential to establish the best-selling model in the category of vehicles priced above RMB500,000 for multi-generational households in China.

    As of October 31, 2023, Li Auto’s retail presence extends to 372 stores in 133 cities, complemented by 315 servicing centers and Li Auto-authorized body and paint shops operating in 210 cities.

  • Li Auto Inc. (LI) stock was down today: Things you need to know

    Shares of Li Auto Inc. (LI) stock were down in today’s pre-market session.LI stock price fell by 4.55% to drop at $25.60 a share at the time of this writing.LI stock seemed green at the previous closing with a 2.05% gain and $26.82 per share price.It seems that LI Auto is involved in the Hong Kong listings along with Nio Inc. and XPeng Inc. according to the IFR report.Let’s take a closer look at LI stock.

    What’s happening?

    Li Auto Inc. (LI) is the designer, developer, manufacturer, and seller of smart electric sports vehicles in China.LI stock is more focused on Hong Kong listings these days and is currently in touch with Goldman Sachs and UBS for this purpose.Li Auto was listed in the US in July 2020 which points that LI stock has not good track of two financial years of regulatory compliance thus not eligible for a secondary listing in the Hong Kong exchange.In response to this condition, LI is considering to opt the option of Hong Kong dual primary listing that does not require the two-year track records rather it requires additional disclosures.

    Recent Activities of Li Auto.

    On March 8, 2021, LI stock did announce the adoption of the 2021 Share Incentive Plan by its board of directors and compensation committee.The maximum number of Class B ordinary shares under the 2021 plan was 108,557,400 at that time.FurthermoreLi Auto granted a performance-based option to Mr. Xiang Li, the CEO of Li Auto, to purchase the 108,557,400 class B ordinary shares under the 2021 share incentive plan.

    The financial look of LI stock.

    On February 25, 2021, Li Auto announced its fourth quarter and financial full-year results of 2020 in which LI stock generated RMB4.15 billion total revenue in the fourth quarter which was 65.2% high as compared to the third quarter of 2020.Gross profit was surged by 45.9% to RMB724.6 million in the fourth quarter while the gross margin was 17.5% in the fourth quarter of 2020.

    Conclusion:

    LI stock was falling today after gaining in the previous open market session.LI Auto has shown positive results in the fourth-quarter earnings report and under the leadership of Mr. Xiang Li, Li Auto is optimistic to grow further in the future.

  • Goldman Sachs Analysts Say Stocks Of EV Makers TSLA, Li Auto, NIO Could Rise

    Goldman Sachs Analysts Say Stocks Of EV Makers TSLA, Li Auto, NIO Could Rise

    The estimates of Wall Street analysts for renewable energy firms are improving as policymakers announce massive electrification and carbon reduction programs. US President-elect Joe Biden’s administration is expected to be more involved in terms of transport electrification initiatives and environmental protection policies.

    In a recent survey, Goldman Sachs (GS), the largest investment bank, said that, according to its estimates, global electric vehicle sales will hit 1.8 million units this year, up to 8.3 million units by 2025, and up to 34 million units by 2035. As a result, in 2030 and 29 percent in 2035, hybrid vehicles will account for 18% of global sales. At the same time, the United States and Western Europe will see the greatest growth, with the share of electric vehicles projected to hit 50 percent by 2035.

    Two electric car companies were listed by leading Goldman analysts, predicting that they will lead the way over the next four years. There is also a manufacturer that deserves recognition, but its shares are still receiving the “hold and see” recommendation.

    The Li Auto (LI)

    As of the first day of trading, China’s Li Auto (LI), which debuted on NASDAQ this summer, reported a solid 102.37% price rise on the back of strong demand for its electric vehicles in the domestic Chinese market.

    In November last year the first Li model, the Li ONE hybrid crossover, was released and the company had sold more than 22,000 units by October this year. Sales hit 3,700 in October, making the Li ONE the best-selling Chinese electric car brand.

    A stronger state policy of electrifying the transportation of the nation with incentive for carmakers and a population of 1.4 billion forms the largest electric vehicle market is China.

    Li cars also benefit from being plug-in hybrids and having a petrol engine, which is important since China is building charging stations in the process and its current network is small.

    FEI Fang, the Goldman Sachs analyst, rates the stock with a “buy” rating and a target price of $60, nearly double the closing price of $33.31 on Tuesday.

    Tesla Inc (TSLA)

    With a 676.76% rise since the beginning of the year and an upcoming addition to the S&P 500 index, Tesla (TSLA) shares, at least in the short term, look like the absolute winners of the electric car industry.

    In the last quarter, Tesla achieved record deliveries, revenue growth of 39%, and three consecutive quarters of profit.

    Market analysts have calculated the stable free cash flow of the automaker for the quarter at $1.4 billion.

    NIO Limited (NIO)

    Since the beginning of the year, Nio Limited (NIO) shares have outperformed Tesla by rising 1058%. The business undoubtedly deserves attention and observation, but Goldman experts rate their shares with a “buy” recommendation, although their target price of $59 is nearly 27% higher than the closing price of $46.56 on Tuesday.

    The Chinese electric car manufacturer announced a 146 percent rise in sales over the last quarter and a 2.5-fold increase in deliveries compared to last year. Its new electric Nio EC6 crossover is seen as a competitor in China to Tesla’s upcoming Model Y.

    Instead of direct buying, Nio has launched a new battery leasing programme, which lowers the list price of vehicles.

    Other Nio announcements include a 100-kilowatt-hour battery, which will expand the electric vehicle range to 615 kilometers, and plans to increase production and begin exporting to Europe by 2021.