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$LI junk cars. Over 1 Million Teslas in China have already been recalled this year. Chinese cars are not safe in my opinion.
LI new 52 week high
LI new 52 week high
LI new 52 week high
Li Auto Inc NASDAQ: LI
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Consumer Discretionary : Automobiles | Large Cap Growth | Based in ChinaCompany profile
Li Auto Inc is a China-based new energy passenger vehicles (NEV) automaker principally engaged in the design, develop, manufacture and sales of smart electric vehicles. The Company's primary products are sport utility vehicles (SUVs) under its brand Li ONE. It also sells peripheral products and provides related services, such as charging stalls, vehicle Internet connection services and extended lifetime warranties. The Company operates its businesses through its subsidiaries and variable interest entities (VIEs) in China.
This security is an American depositary receipt
ADR
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https://ft.com/content/ab5d74d9-a229-4d7a-8542-74124b782306 $LI
$LI Has $11.94 Billion DEBT
Li Auto Inc. is an innovator in China's new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric SUVs.
Through innovative products, technology, and business model, the Company provides customers with safe, convenient, and cost-effective mobility solutions.
Li Auto is the first to successfully commercialize extended-range electric vehicles in China.
The Company started volume production of its first model, Li ONE, in November 2019. With Li ONE,
he Company leverages its in-house technology to create value for our customers, focusing on range extension, smart technology, and autonomous driving solutions.
Beyond Li ONE, the Company aims to expand its product line by developing new vehicles to target a broader consumer base.
Our headquarters is located in Beijing, China.
8th Floor, Block D, Building 8,
4th District of Wangjing East Garden,
Chaoyang District, Beijing 100102
People's Republic of China
+86 (10) 8742-7209
Website: ir.lixiang.com
We have 2,628 employees as of December 31, 2019.
Each ADS of Li Auto Inc. represents two Class A ordinary shares.
We intend to use the net proceeds from the IPO for (i) capital expenditures including further development of manufacturing facilities,
ii) research and development of new products, and (iii) general corporate purposes and working capital.
Electric-vehicle stocks are Wall Street's Wild West. EV stocks tracked by Barron's are up more than 160% year to date, led by Tesla's 250% rise.
Li Auto -- a maker of electric SUVs with onboard generators -- rose 43% in its market debut Thursday.
There is no lack of volatility in the sector. Shares in battery- and fuel-cell powered truck maker Nikola (ticker: NKLA),
for instance, moved double-digit percentage points seven separate days in July, and shares dropped 56% in the month.
Still, the stock is up more than 190% year to date.
All of this action is leaving Wall Street a little befuddled.
Most EV stocks now trade above analyst price targets. And those are the EV stocks followed by Wall Street analysts.
Four EV companies worth more than $15 billion -- including Li Auto (LI) -- don't even have analyst coverage yet.
Instead of raising or lowering stock prices and stock targets rapidly -- something analysts are loath to do -- they are writing worst-,
base-, and best-case scenarios for EV stocks and leaving it up to investors to figure out what to do next.
Analysts, in other words, are sitting on the fence. Still, such scenario planning is a good idea for investors, especially traders.
It can help them plan what to do no matter what happens, which is especially important in a sector like electric vehicles.
