China Competes Within: Downgrading NIO To A Hold And Initiating Li Auto With A Buy

There’s fierce competition between the two Chinese EV giants, Li Auto (NASDAQ: LI ) and NIO (NYSE: NIO ), and I’m here to unpack it. Both companies witnessed a month-over-month drop in their February sales but strongI’m a retired Wall Street PM specializing in TMT; since kickstarting my career, I’ve spent over two decades in the market navigating the technology landscape, focusing on risk mitigation through the dot com bubble, credit default of ‘08, and, more recently, with the AI boom. In one word, what I’ ...