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 ...

Li Auto (NASDAQ:LI) stock is falling on Monday after the electric vehicle (EV) company announced plans to reduce the price of its products amid stiff competition in the EV space.Li Auto is reducing the price on four of its five models in a bid to better compete with rival EV companies. It’s also offering refunds for customers who bought those models earlier this year at their higher prices.The price cuts have Li Auto dropping the purchase sticker for its L7, Li L8, Li L9 and Li MEGA models. This has it redu ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Li Auto Inc (NASDAQ: LI) is down nearly 8.0% this morning after Pomerantz LLP announced an investigation into the electric vehicles company. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Why is Li Auto under investigation?Copy link to sectionThe law firm is looking into concerns that the EV firm or its employees may have engaged in “securities fraud or other unlawful business practices”.  It is “investigating claims on behalf of Li Auto” investors, ...

Tesla shares sank in premarket trading on Monday, while China's Li Auto plummeted to an 11-month low, after both companies slashed prices of their electric vehicles in various markets amid intense competition.U.S. EV giant Tesla cut the starting price of its Model 3 in China to 231,900 yuan ($32,000) on Sunday, a reduction of 14,000 yuan, as reported by Reuters. The report also said it had slashed prices in other major markets, like Germany.Meanwhile, Li Auto cut prices for its models, including the L7, L8, ...