Several positive analyst notes trumpeted the buy case for the company.Wednesday's sputtering jalopy of an electric vehicle (EV) stock, Li Auto (LI 10.62%), was a race car tearing down the track on Thursday. The Chinese company's American depositary receipts (ADRs) rose 10.6% across the trading session not because of any fresh news from the company, but rather on the back of new bullish analyst takes. That share price increase was well higher than the 0.1% rise of the S&P 500 index.A quick bounce-backLi Auto ...

Li Auto Inc. (LI) reported second-quarter 2024 adjusted earnings per ADS of 20 cents, down from 36 cents reported in the year-ago quarter. Rising costs and price reductions due to higher competition amid falling EV demand resulted in a year-over-year decline. The China-based EV maker generated total revenues of $4.36 billion, up from $3.95 billion reported in the year-ago quarter on higher year-over-year vehicle deliveries. It sold 108,581 units, up from 86,533 in the second quarter of 2023.The company repo ...

Sentiment on the sector wasn't helped by the latest developments in Asia.Not so long ago, electric vehicle (EV) stocks were the assets that could do no wrong. Despite the very many hiccups and challenges associated with the industry, EVs were the future of human mobility. In recent months, though, there's been growing skepticism about this. The novelty of the not-so-new-anymore technology has worn off, and negative news from some top manufacturers has turned off both consumers and stock investors.So, it doe ...

Key TakeawaysLi Auto's earnings sank as the Chinese electric vehicle maker faced higher costs and tougher competition because of a drop in EV demand.The company explained that it faced intense competition in the second quarter.Li Auto's expenses rose as it ramped up production of its new Li L6 SUV. American depositary receipts (ADRs) of Li Auto (LI) cratered Wednesday after the Chinese electric vehicle (EV) manufacturer's profit sank on higher costs and price cuts as slumping EV demand increased competition ...

Intense competition continues in the electric vehicle (EV) market.One Chinese electric vehicle (EV) maker has differentiated itself from the crowd. It has grown by selling extended-range electric vehicles (EREVs) that utilize a small onboard gasoline engine to boost vehicle range. But Li Auto (LI -16.68%) also just came out with its first pure electric model earlier this year.Investors were hoping the fully electric Li Mega would help boost sales beginning in the second quarter. But Li's second-quarter earn ...

Li Auto Inc. (NASDAQ:LI) Q2 2024 Earnings Call Transcript August 28, 2024 8:00 AM ET Company Participants Janet Chang - IR Director Xiang Li - Chairman and CEO Johnny Tie Li - CFO James Liangjun Zou - SVP Conference Call Participants Tim Hsiao - Morgan Stanley Ben Wang - Deutsche Bank Tina Hou - Goldman Sachs Xu Yingbo - CITIC Securities Paul Gong - UBS Yuqian Ding - HSBC Jin Zhong - CICC Operator Hello, ladies and gentlemen. Thank you for standing by for Li Auto's Second Quarter 2024 Earnings Conference Ca ...

Li Auto Inc. Announces Unaudited Second Quarter 2024 Financial Results Quarterly total revenues reached RMB31.7 billion (US$4.4 billion)1 Quarterly deliveries reached 108,581 vehicles BEIJING, China, August 28, 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 June 30, 2024. Operating Highlights for the Second Quarter of 2024 • Total deliveries for the second quarter ...

Quarterly total revenues reached RMB31.7 billion (US$4.4 billion)1Quarterly deliveries reached 108,581 vehicles BEIJING, China, Aug. 28, 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 ended June 30, 2024. Operating Highlights for the Second Quarter of 2024 Total deliveries for the second quarter of 2024 were 108,581 vehicles, representing a 25.5% year- ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Li Auto Inc. Sponsored ADR (LI) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Li Auto currently has an average brokerage reco ...

In the latest market close, Li Auto Inc. Sponsored ADR (LI) reached $21.35, with a +1.04% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.89%. Elsewhere, the Dow saw a downswing of 0.44%, while the tech-heavy Nasdaq depreciated by 1.67%.The the stock of company has risen by 12.15% in the past month, leading the Auto-Tires-Trucks sector's loss of 7.27% and the S&P 500's gain of 2.17%.Analysts and investors alike will be keeping a close eye on the ...