Li Auto (LI) reports deliveries up 106% Y/Y
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February 1, 2024 5:44 AM EST
Li Auto Inc. (Nasdaq: LI) today announced that the Company delivered 31,165 vehicles in January 2024, up 105.8% year over year. The cumulative deliveries of Li Auto vehicles reached 664,529 as of the end of January 2024.
Riding on the success of three SUV models, in 2023, we not only claimed the best-selling brand among SUVs priced above RMB300,000 but also secured the top-seller position in the RMB300,000 and higher NEV market in China, commented Xiang Li, chairman and chief executive officer of Li Auto.... More
January 30, 2024 6:00 PM EST
Goldman Sachs reiterated Buy ratings on Chinese automakers, BYD and Li Auto (NASDAQ: LI), labeling the two as Alpha generating ideas.
In a recent series of meetings with investors spanning Hong Kong, Singapore, and Europe, analysts from Goldman Sachs provided insights into the current market sentiments. Investors, in general, are expressing caution regarding the domestic automotive outlook, citing concerns related to the overall weak macroeconomic conditions and lackluster near-term auto sales, coupled with the ongoing price competition within the industry.
However, amidst the challenges faced by the automotive sector, analysts at Goldman Sachs... More
