Li Auto (LI) soars after setting monthly delivery record
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Morgan Stanley Stays Overweight Rating on Li Auto (LI) Following Record April Sales, 'successful launch of Li AD Max3.0 should give another boost to sales'
May 1, 2023 8:29 AM EDTMorgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $30.00 price target on Li Auto (NASDAQ: LI).
The analyst comments "Total deliveries of 25,681 vehicles marked the second consecutive month of 20k+ sales. April deliveries were up 23% MoM and 516% YoY. The sequential increase was driven... More
Li Auto Inc. (LI) Delivered 25,681 EVs in April 2023
May 1, 2023 5:21 AM EDTLi Auto Inc. (Nasdaq: LI) today announced that the Company delivered 25,681 vehicles in April 2023, setting another monthly record while exceeding the 20,000 delivery mark for the second consecutive month and representing an increase of 516.3% year over year. The cumulative deliveries of Li Auto vehicles reached 335,599 as of the end of April.
We are pleased to have... More
BYD posts fivefold jump in 1Q profit
April 27, 2023 12:04 PM EDTChinese electric automaker BYD Co. posted a fivefold jump in its first-quarter profit on Thursday.
Net profit for the first three months of the year was 4.13 billion yuan ($596.56 million), up 410.9% from 808.41 million yuan a year earlier, on revenue up 79.8% at 120.17 billion yuan, the company said in a stock... More
