Li Auto (LI) looks to surpass rivals in China by 2024

BYD calls for Chinese automotive unity, 'demolish the old legends'

China's top-selling automobile manufacturer, BYD, has ignited a surge of online attention after the automaker signaled for unity, calling for the industry to band together and demolish the old legends.

During a recent event commemorating a production milestone, BYD shifted the focus to a grander objective: to spotlight China's ascent as a powerhouse in the global automotive manufacturing arena.

"I believe the time has come for Chinese brands," said founder Wang Chuanfu. "It's an emotional need for the 1.4 billion Chinese people to see a Chinese brand becoming global."

China's carmakers are caught in a fierce price... More

Illinois EPA announces funding dates for next round of EV rebates

The Illinois Environmental Protection Agency (EPA) announced Thursday that the upcoming funding phase for the Electric Vehicle (EV) Rebate Program in Illinois will begin on Wednesday, November 1, 2023, and conclude on Wednesday, January 31, 2024.

Those who buy a new or used all-electric vehicle from a licensed dealer in Illinois, fulfill all... More

Tesla (TSLA) selects Volex as licensed partner to build NACS

Volex, a specialist in critical power and data transmission, has been selected as an official licensed partner by Tesla for the North American Charging Standard Charging system. Surprisingly, the company said that they are already prepared to provide the NACS connector to car manufacturers.

Volex's press release regarding the Tesla NACS coupler confirms that the... More

UK parliament opens probe into EV transition

Britains parliament revealed Wednesday that the upper house is launching an inquiry into the countrys approach to phasing out fossil fuels and transitioning the public towards electric vehicles. The inquiry will also cover charging infrastructure and end-of-life disposal of EVs.

The U.K. is set to completely ban the sale of new internal combustion vehicles by 2030, with hybrids being phased out by 2035 in favor of fully... More

Li Auto (LI) PT Raised to $56 at BofA Securities

BofA Securities analyst Ming Hsun Lee raised the price target on Li Auto (NASDAQ: LI) to $56.00 (from $52.00) while maintaining a Buy rating.... More

Nomura/Instinet Assumes Li Auto (LI) at Buy

Nomura/Instinet analyst Joel Ying assumes coverage on Li Auto (NASDAQ: LI) with a Buy rating and a price target of $54.00 (from $46.20).

For an analyst ratings summary and ratings history on Li Auto... More

Li Auto stock drops 8% despite Q2 beat

Li Auto Inc. (NASDAQ: LI) shares fell more than 8% today despite the company reporting better-than-expected Q2 results.

EPS came in at RMB 2.18 ($0.30), compared to the consensus estimate of RMB 1.72 ($0.24). Revenue increased 228.1% year-over-year to RMB 28.65 billion ($3.95B), compared to the consensus estimate of RMB 26.61B... More

China July Retail Passenger Vehicle Sales Fall 2.3% Y/y - PCA

China July Retail Passenger Vehicle Sales Fall 2.3% Y/y - PCA

Li Auto Inc. (LI) Tops Q2 EPS by 46c; offers guidance

Li Auto Inc. (NASDAQ: LI) reported Q2 EPS of RMB2.18, RMB0.46 better than the analyst estimate of RMB1.72. Revenue for the quarter came in at RMB28.65 billion versus the consensus estimate of RMB26.61 billion.

GUIDANCE:

Li Auto Inc. sees Q3 2023... More

Shares of Li Auto (LI) inch towards record high ahead of 2Q release

Chinese electric vehicle maker, Li Auto (NASDAQ: LI) hit a fresh 52-week high of $47.33 intraday Monday and is on the cusp of hitting its record $47.70 set in November 2020, a few months after its IPO.

As of the time of this report, the stock is holding steady at around... More

Li Auto Inc. (LI) August weekly option implied volatility above 100 into quarter results

Li Auto Inc. (NASDAQ: LI) August weekly call option implied volatility is at 112, August is at 82; compared to its 52-week range of 48 to 104 the expected release of quarter results before the bell on August 8.

Li Auto Inc. (LI) August weekly 46 straddle into quarter results

Li Auto Inc. (NASDAQ: LI) August weekly 46 straddle is priced for a move of 11% into the expected release of quarter results before the bell on August 8.