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Tag: Li Auto Stock

  • 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.

  • The 3 Best Chinese EV Stocks in the stock market to buy

    The 3 Best Chinese EV Stocks in the stock market to buy

    The EV market of China is way bigger than the rest of the world. So, Chinese EV stocks are full of potential.

    The investors would remember 2020 as the year of electric vehicle (EV) stocks. Tesla Inc. (TSLA) is leading the EV brand in the market and has been facing competition from East Asia—the Chinese EV start-ups.

    Tesla has a lot of hype around its brand because of the innovative CEO, Elon Musk—who is an icon in the tech world. Moreover, Elon has been in the business for a while now and Tesla has grown over the years to become a more mature EV company.

    Nonetheless, the emerging Chinese EV companies have got the spotlight with increasing demand in the country. Also, the demand is starting to grow in Europe and other parts of the world. The Chinese EV firms will grow bigger as they expand their ecosystem around the world—in the next few years.

    Moreover, the Chinese EV stocks have bamboozled the sector with remarkable growth—along with Tesla. Here are the three best Chinese EV stocks to buy considering the long-term prospect.

    Xpeng (XPEV)

    Xpeng Motors (XPEV) has created a lot of buzz in the EV market. The company produces and sells premium EVs which include the G3 SUV and the P7 four-door sedan. Xpeng’s premium models are giving some competition to Tesla’s Model Y SUV and Model 3 sedan.

    In 2019, the G3 SUV was among the top three electric SUVs with the majority sales in China. The fact that Xpeng began production in late 2018, so it was swift for the company to get going.

    Over the past two years, the company has developed its ecosystem across China. The company has been reporting record deliveries for its EVs over the sequential months. In Dec. 2020, Xpeng reported a record monthly delivery of 5,700 vehicles, a whopping 326% increase year-over-year (YoY) and a 35% over the past month. The quarterly delivery also got the record figures with 12,964 vehicles in Q4 2020, up by 303% YoY and 51% from Q3 2020. During the full-year 2020, the company delivered 27,041 EVs, soaring over 112% YoY.

    Most importantly, XPeng stock has sustained its growth, which is a good sign in the long-term run. The EV market is still evolving and in the coming years, it will get bigger. So, XPeng (XPEV) stock is a buy aiming for long-term growth.

    Li Auto (LI)

    Li Auto (LI) is another innovative Chinese EV company, which is currently making only one electric vehicle—the Li ONE SUV. The company focuses on vehicles that have a small gasoline engine that can power additional electric power for the battery. The fact that EV-charging infrastructure is limited in China—the industry is still emerging. So, Li is adopting the EV structure according to the circumstances. That’s the reason its only vehicle Li ONE SUV is in high demand.

    In Dec. 2020, the company delivered 6,126 Li ONEs, almost 31.9% more compared to the prior month and 529.6% YoY. While its competitor Nio sold 7,007 units of its three SUV models, combined. While, Li’s Q4 deliveries reached 14,464, 67% high than Q3—topping the company’s guidance by 20.5%.

    Li Auto is playing smart and wants to access all the risks before they expand their EV portfolio. Moreover, its only SUV is doing great so far, which lifts the long-term success potential. Li’s sales are anticipated to grow by almost 112% this year.

    Nio Ltd. (NIO)

    Nio Ltd. (NIO) is another big fish in the Chinese EV market. NIO shares have soared over 110% over the last three months. The company produces three premium electric SUVswhich include ES8, ES6, and EC6.

    Nio is focused on self-driving technology and also offers services like Battery as a Service (BaaS)—which offers users to subscribe for car batteries. Recently, the company scaled up its production to meet the growing demand. Last year, reports of around 5,000 vehicles were registered of multiple fires—on a negative side. 

    However, Zacks has upgraded Nio’s full-year earnings to 29.51% in the last three months. The bullish analyst sentiment is driven by a positive earnings outlook trend. As per Zacks, the company has returned approximately 27.10% since the beginning of the calendar year. Whereas, in the meantime, Auto-Tires-Trucks stocks have popped up at an average of almost 15%. So, the Chinese EV stock is performing way better than the rest of the sector.

    So, Nio Ltd. (NIO) along with Li Auto (LI) and Xpeng Motors (XPEV) are the three best Chinese EV stocks to buy for long-term growth.

  • Auto Stocks to watch on Tuesday: Baidu is All Set to Jump in EV

    Auto Stocks to watch on Tuesday: Baidu is All Set to Jump in EV

    China’s BaiduInc is exploring producing its own electric vehicles and has held talks with automakers about the prospect, said 3 persons with knowledge of the case, the latest step in a battle between tech firms to build smart cars.

    China’s leading search engine, which also advances automated driving technologies and internet communication networks, explores contract production, one of the people said or creating a majority-owned venture with automakers.

    The project will move up from internet peers such as Tencent Holdings Ltd, Amazon.com Inc and Alphabet Inc, which have either developed auto-related technologies or invested in smart-car start-ups.

    NIO Limited (NYSE:NIO) shares were trading down -2.38% at $40.98 at the time of writing on Monday after reporting the pricing of the offering of 68,000,000 American depositary shares, each representing one Class A ordinary share of the Company, at a price of US$39.00 per ADS.

    NIO Limited (NYSE:NIO) share price went from a low point around $2.11 to briefly over $57.20 in past 52 weeks, though shares have since pulled back to $40.98. NIO market cap has remained high, hitting $60.13B at the time of writing, giving it price-to-sales ratio of more than 30.

    If we look at the recent analyst rating NIO, Goldman upgraded coverage on NIO shares with a Neutral rating and a $37.72 price target, which implies room for -3.26% downside momentum this year.

    Ford Motor Company (F) last closed at $8.91, in a 52-week range of $3.96 to $9.57. Analysts have a consensus price target of $8.94.

    Tesla Inc. (TSLA) stock soar by 4.89% to $639.83. The most recent rating by Jefferies, on December 11, 2020, is at a Hold.

    XPeng Inc. (NYSE:XPEV) Shares headed rising, higher as much as 6.45% following the declaration from the firm that that its P7 super-long range sports sedan was named the Car of the Year 2021 by the Xuanyuan Awards, China’s most prestigious badge of auto quality and innovation. The most recent rating by Deutsche Bank, on December 14, 2020, is at a Buy.

    Nikola Corporation (NASDAQ:NKLA) fall -6.87% after losing more than -$1.21 on Monday. The company on November 30, 2020 reported the signing of a non-binding Memorandum of Understanding (“MOU”) with General Motors for a global supply agreement related to the integration of GM’s Hydrotec fuel-cell system into Nikola’s commercial semi-trucks.

    Fisker Inc. (FSR) last closed at $15.59, in a 52-week range of $8.70 to $23.63 after declaring that it has signed agreements with Cox Automotive U.K. and Rivus Fleet Solutions to provide a range of after-sales services for the U.K. market. Analysts have a consensus price target of $24.00.

    Li Auto Inc. (LI) stock drop by -0.10% to $31.33. The most recent rating by Citigroup, on November 16, 2020, is at a Buy. On December 4, 2020, the company announced the pricing of follow-on public offering of American Depositary Shares.

    Kandi Technologies Group Inc. (NASDAQ:KNDI) Shares headed falling, lower as much as -7.67%.

    General Motors Company (NYSE:GM) fall -0.72% after losing more than -$0.3 on Monday. On November 30, 2020, the firm revealed it has signed a non-binding memorandum of understanding with Nikola Corporation for a global supply agreement to provide its Hydrotec fuel cell system for Nikola’s Class 7/8 semi-trucks.

    Workhorse Group Inc. (WKHS) last closed at $21.39, in a 52-week range of $1.32 to $30.99. Analysts have a consensus price target of $26.80.

    Electrameccanica Vehicles Corp. (SOLO) stock drop by -2.02% to $6.31. The most recent rating by ROTH Capital, on July 09, 2019, is at a Buy.

    Lordstown Motors Corp. (NASDAQ:RIDE) Shares headed falling, lower as much as -2.96%. The company on December 5, 2020 reported that the United States Securities and Exchange Commission has declared Lordstown’s registration statement on Form S-1 (File No. 333-250045). The most recent rating by Goldman, on December 11, 2020, is at a Buy.

    Fiat Chrysler Automobiles N.V. (NYSE:FCAU) rose 0.84% after gaining more than $0.14 on Monday. Alfa Romeo Announces 4C Spider 33 Stradale Tributo.

    Ayro Inc. (AYRO) last closed at $5.52, in a 52-week range of $1.80 to $10.60. On November 24, 2020, the company reported the Closing of $10.0 million registered direct offering.

    Niu Technologies (NIU) stock drop by -2.50% to $28.43. The most recent rating by Citigroup, on November 06, 2020, is at a Buy.

  • 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.