The U.S. government is doubling down on its mission to curb China’s attempts to spy on Americans. In January 2024, U.S. Secretary of Commerce Gina Raimondo raised concerns about Chinese electric vehicles (EVs) having the ability to harvest American data. Now, President Joe Biden and his administration are launching an investigation into the national security risk that Chinese EVs may pose.Most of China’s EV producers don’t currently sell in the U.S. due to high import tariffs. But if the investigation turns ...

Chinese electric car company Li Auto (LI 9.39%) released a powerful fourth-quarter earnings report on Monday, sending its shares flying nearly 19% by the closing bell, and giving a lift to the whole EV industry.On Tuesday morning, Li Auto was maintaining its momentum, with three Wall Street analysts raising their price targets on the stock over the last 24 hours. As of 11 a.m. ET, Li stock was already up another 9.7%.What Wall Street is saying about LiTic-tac-toe, three in a row -- first Jefferies, then Bar ...

M N 27 Feb 2024 CMB International Global Markets | Equity Research | Company Update Li Auto Inc. (LI US) 4Q23 results set the tone for resilient FY24 Target Price US$48.00 Maintain our top pick. Li Auto’s strong beat in 4Q23 GPM led to an all-time (Previous TP US$45.00) high operating margin of 7.3%. Its FY23 net margin of 9.5% was also much Up/Downside 37.9% higher than its guidance of 5% in mid-2023. Management has also provided a Current Price US$34.80 clear path to achieve its FY24 sales target and is s ...

Li Auto’s shares 2015, +19.09% rose sharply in Hong Kong after the Chinese electric-vehicle maker roundly beat earnings expectations with jumps in quarterly profit and revenue on the back of rising demand for its SUVs and other cars. Shares were 20% higher at 167.10 Hong Kong dollars (US$21.36), on track for their biggest one-day percentage gain in almost two years. The jump, which came after a steep rise in U.S.-listed ADRs LI, +18.79% overnight, pulled shares into the green for the year, and took 12-mo ...

Key TakeawaysLi Auto beat fourth-quarter earnings estimates and recorded its first annual profit.The Chinese carmaker predicted current-quarter deliveries would be nearly double what they were a year ago.Li Auto ADRs are 70% higher in the past year.American Depositary Receipts (ADRs) of Li Auto (LI) surged Monday after the Chinese electric vehicle (EV) manufacturer defied intense domestic competition to post better-than-expected results and its first annual profit.The company reported fourth-quarter revenue ...

From being among the hottest stocks in the markets, EV stocks have been wealth destroyers in the last few quarters. The reasons for the sell-off in EV stocks include higher borrowing costs, slow growth in Europe and expiring subsidies.However, it’s worth noting euphoric rallies tend to take valuations to unsustainable levels that defy fundamentals. In the same way, the sell-off can punish stocks more than they deserve. I believe this currently holds for some of the best EV stocks.An important point to note ...

Li Auto, Inc. (NASDAQ:LI) Q4 2023 Earnings Conference Call February 26, 2024 7:00 AM ET Company Participants Kobe Wang - Head of Capital Markets Xiang Li - Chairman and CEO Johnny Tie Li - Chief Financial Officer Donghui Ma - President James Liangjun Zou - Senior Vice President Conference Call Participants Tim Hsiao - Morgan Stanley Yingbo Xu - CITIC Securities Tina Hou - Goldman Sachs Ming Hsun Lee - Bank of America Yuqian Ding - HSBC Operator Hello, ladies and gentlemen. Thank you for standing by for Li A ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Quarterly total revenues reached RMB41.73 billion (US$5.88 billion)1Quarterly deliveries reached 131,805 vehiclesFull year total revenues reached RMB123.85 billion (US$17.44 billion)Full year deliveries were 376,030 vehicles BEIJING, China, Feb. 26, 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 its unaudited financial results for the quarter and full year ended December 31, 2023. Operating Highligh ...

Exhibit 99.1 Li Auto Inc. Announces Unaudited First Quarter 2024 Financial Results Quarterly total revenues reached RMB25.6 billion (US$3.6 billion) Quarterly deliveries reached 80,400 vehicles BEIJING, China, May 20, 2024 — Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced its unaudited financial results for the quarter ended March 31, 2024. Operating Highlights for the First Quarter of 2024 · Total deliveries for the first qu ...