How Do Li Auto (LI) & XPeng (XPEV) Stack Up Post Q1 Earnings?

China-based electric vehicle (EV) makers XPeng (XPEV) and Li Auto (LI) recently unveiled first-quarter 2024 results. While shares of XPEV popped roughly 6% after the quarterly results yesterday, LI stock fell for the second consecutive day after it announced results on May 20.Investor optimism for XPeng was driven by improved first-quarter results, a strong second-quarter outlook and advancements in self-driving technology.The company announced plans to achieve a Level 4 autonomous driving experience in Chi ...