Even growing slower, at less than 15 times earnings, Li Auto stock looks cheap.Tesla was the talk of the town Wednesday after the electric vehicle (EV) maker announced weak earnings but also said it would send more affordably priced EVs to market as soon as possible. Earlier in the week, however, it was a different electric carmaker -- China's Li Auto (LI 7.14%) -- that caught investors' attention.On Monday, Citigroup tweaked its price target lower on Li Auto stock to $43.60. Despite the lower price target, ...

Chinese EV stocks have been among the most beaten-down assets in the market. Whether we’re talking about Nio (NYSE:NIO), XPeng (NYSE:XPEV) or Li Auto (NASDAQ:LI), the declines many of these EV makers have seen since their peaks during the last hype-driven bubble have been stark to say the least.Unlike other major tech names, Chinese EV makers have seen diminished demand, as investors appear to be moving toward other technology sectors with more growth potential. Chinese demand has cooled, and price cuts hav ...

EV stocks are getting a jolt today after two leading companies are steering more directly into a new market.Markets seem poised to end the week on a high note with both the S&P 500 and Dow Jones Industrial Average inching up after a rocky trading session yesterday.But several electric vehicle (EV) stocks are charging considerably higher today with investors believing that Chinese EV manufacturers might be ready to make a greater push into the market with more-affordable models.investors are pressing the acc ...

Li Auto Inc. Sponsored ADR (LI) closed the latest trading day at $23.47, indicating a -1.68% change from the previous session's end. This change lagged the S&P 500's 0.46% loss on the day. Meanwhile, the Dow lost 0.98%, and the Nasdaq, a tech-heavy index, lost 0.64%.Prior to today's trading, shares of the company had lost 20.91% over the past month. This has lagged the Auto-Tires-Trucks sector's loss of 6.9% and the S&P 500's loss of 3.04% in that time.Analysts and investors alike will be keeping a close ey ...

Li Auto (NASDAQ:LI) stock is slipping on Thursday after the electric vehicle (EV) company’s shares were hit with a price target cut and downgrade.Barclays analyst Jiong Shao downgraded is behind this with a price target drop from $39 per share to $25 per share. That represents a potential upside of 4.7% from its prior closing price. However, it’s well below the analysts’ consensus estimate of $45.36 per share.The downgrade for LI stock drops it from an “overweight” rating to an “equal weight” rating. That’s ...

Investment Rating - Maintains a "Buy" rating with a target price of US$38.93, corresponding to approximately 16x 2024E P/E [2][3] Core Views - The release of the L6 model is expected to open new growth opportunities, with pricing and configurations largely in line with expectations [2] - The L6 model targets the 25-30万元 SUV market, which accounted for 11% of passenger vehicle retail sales in March 2024 [2] - Intense competition in the 25-30万元 SUV segment, with Tesla Model Y and AITO M7 holding significant market shares (26% and 10% respectively in March 2024) [2] - Product and store expansion into lower-tier cities is expected to drive sales growth, with new store openings concentrated in new first-tier, second-tier, and third-tier cities (store share increased from 78% in April 2023 to 81% in April 2024) [2] - Matrix Organization 2.0 upgrade aims to enhance user value, operational efficiency, and decision-making capabilities, supporting future product launches [2] - The company is accelerating its intelligent and charging infrastructure layout, with plans to build over 10,000 urban charging piles and 3,000 highway charging piles by the end of 2024 [2] Financial Projections - 2024E/2025E/2026E Non-GAAP net profit forecasts are maintained at 18.9 billion/25.2 billion/26.6 billion yuan [2] - 2024E/2025E/2026E operating revenue is projected to be 188.4 billion/247.4 billion/255.9 billion yuan, with growth rates of 52.1%/31.3%/3.4% [3] - 2024E/2025E/2026E Non-GAAP net profit growth rates are expected to be 55.9%/33.5%/5.6% [3] - Non-GAAP ROE is projected to be 25.9%/26.4%/22.3% for 2024E/2025E/2026E [3] Product and Market Strategy - The L6 model features a spacious and comfortable design, dual-motor all-wheel drive, and intelligent configurations such as AD Max for autonomous driving and AEB parking functions [2] - The company is focusing on user value through intelligent cockpit and driving features, with OTA 5.1 upgrades enhancing smart space and driving capabilities [2] - Plans to establish a dedicated after-sales network in Central Asia and the Middle East by 1H24E, with overseas deliveries starting in 4Q24E [2] Financial Performance - 2023 operating revenue was 123.9 billion yuan, a 173.5% increase year-over-year, with a gross profit of 27.5 billion yuan [10] - 2023 Non-GAAP net profit was 12.1 billion yuan, a significant increase from 41 million yuan in 2022 [10] - Total assets grew from 86.5 billion yuan in 2022 to 143.5 billion yuan in 2023, with cash and equivalents increasing from 40.4 billion yuan to 91.3 billion yuan [11] - Operating cash flow in 2023 was 50.7 billion yuan, driven by a net working capital increase of 36.6 billion yuan [12]

BEIJING, China, April 23, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. ("Li Auto" or the "Company") (NASDAQ:LI, HKEX: 2015))), a leader in China's new energy vehicle market, today announced that it will hold an annual general meeting of the Company's shareholders (the "AGM") at 10:00 a.m. Beijing time on May 31, 2024 at 9/F, Office Tower C1, Oriental Plaza, 1 East Changan Avenue, Dongcheng District, Beijing, China for the purposes of considering and, if thought fit, passing with or without amendments each of the p ...

When industry sentiments are positive, the stocks in that industry are generally overvalued. It’s only when industry sentiments are depressed that multiple stocks trading at a valuation gap can be found. That is perfectly true for the electric vehicle industry. EV stocks have plunged as pessimists talk about the industry being dead.It’s a fact that EVs face macroeconomic and competitive headwinds. It’s also a fact that EV adoption has been slower than expected. However, it’s too early to believe the industr ...

There's more than one reason why investors are keeping their distance from this EV stock today.Extending a slide that saw shares of Li Auto (LI -6.05%) plunge more than 10% last week, the electric car stock is driving lower today as investors wrestle with news that the company is slashing prices on its vehicles as well as news that an analyst has lowered the price target of Li Auto's stock.As of 11:55 a.m. ET, shares of Li Auto have fallen 5.8%, recovering slightly from their earlier decline of 8.6%.Price c ...

Why Tesla's Rival Li Auto Is Crashing Today Mario Tama / Getty Images News via Getty Images While all eyes have been on Tesla’s (Nasdaq: TSLA) electric vehicle (EV) cost-cutting measures, Beijing rival Li Auto (Nasdaq: LI) got swept up in the selling pressure too, with shares down 8.5% at their lowest point today. While the stock has come off its lows of the session, it remains below the $25 threshold as investors prove they’ve got their eyes on the exit sign. In early April, LI shares were hovering near ...