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.
https://www.marketwatch.com/search/?value=LI https://www.marketwatch.com/story/chinese-electric-car-maker-li-auto-soars-50-post-ipo-2020-07-30 https://www.lixiang.com/vis/pic/pc
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
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.
11:53 a.m. July 30, 2020 | By Claudia Assis
American depositary shares of Chinese electric-car maker Li Auto Inc. LI, -2.79% skyrocketed nearly
50% to trade above $16 on Thursday after pricing their initial public offering at $11.50 an ADS.
Li last week set an IPO range between $8 and $10. The company sold 95 million ADS to raise $1.093 billion.
Goldman Sachs, Morgan Stanley and UBS are among the underwriters. Li's IPO comes on the heels of recent
IPO successes for electric-vehicle makers such as Nikola Corp. NKLA, +3.23% and a continued share rally
for Tesla Inc. TSLA, -3.81%.
In its prospectus, Li said it had started volume production of its first model, an SUV called Li One,
last year, and that it has delivered more than 10,400 Li One vehicles as of June 30.
Li said it focuses on SUVs costing between $21,000 and $70,000,
seeking to offer customers "unparalleled value for money with the performance, functionality,
and cabin-space of a large premium SUV but pricing close to a compact premium SUV."
8:47 a.m. July 30, 2020 | By Ciara Linnane
12:13 a.m. July 30, 2020 | MarketWatch
8:44 p.m. July 29, 2020 | Associated Press
6:10 a.m. July 29, 2020 | By Ciara Linnane
2:01 p.m. July 26, 2020 | Barrons.com
4:34 p.m. July 24, 2020 | By Claudia Assis
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. https://www.marketwatch.com/search/?value=LI
It can help them plan what to do no matter what happens, which is especially important in a sector like electric vehicles.
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9:32 p.m. July 31, 2020 | Barrons.com
5:19 p.m. July 30, 2020 | Barrons.com
2:05 p.m. July 30, 2020 | Barrons.com
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