Li Auto: The First Profitable EV Maker in China Revs Up Investor Interest
LI AUTO(LI) InvestorPlace·2024-03-08 12:10
Li Auto (NASDAQ:LI) has become the first electric vehicle (EV) maker in China to turn a profit, sending its stock price higher in recent weeks. This will undoubtedly have LI stock investors feeling bullish.LI stock is up nearly 10% year to date, outpacing nearly every other EV maker in China or the rest of the world for that matter. By comparison, the stock of Tesla (NASDAQ:TSLA), the world’s leading electric vehicle manufacturer, has fallen 30% since January. Strong delivery numbers, better-than-expected f ...