Renault talks to China's Li Auto and Xiaomi on tech collaboration [Yahoo! Finance]
Li Auto Inc. - American Depositary Shares (LI)
Company Research
Source: Yahoo! Finance
carmaker said on Friday, opening the door to potential collaboration on technology with the two companies. KEY QUOTE "Our CEO Luca de Meo engaged in pivotal conversations with industry leaders, including our partners Geely and Dongfeng, key suppliers but also the new players like the founders of Li Auto and Xiaomi Technology," Renault's procurement and partnerships chief Francois Provost said in a post on LinkedIn. WHY IT'S IMPORTANT The talks at the Beijing Autoshow come amid an increasingly tense relationship between Europe and China, with the European Commission launching a series of probes into Chinese exports. Among them, it is investigating whether the rise in sales of Chinese EVs on the continent is due to unfair subsidies. China disputes the claim and has accused Europe of protectionism. CONTEXT De Meo has said Europe faces a difficult balancing act to both protect its market and learn from Chinese car manufacturers, which are far ahead in development of EVs and
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News
- EV Company News For The Month Of April 2024 [Seeking Alpha]Seeking Alpha
- China Market Update: Hong Kong Stops To Catch Its Breath [Forbes]Forbes
- Li Auto Inc. to Report First Quarter 2024 Financial Results on May 20, 2024GlobeNewswire
- Why Li Auto Stock Jumped Monday [Yahoo! Finance]Yahoo! Finance
- Steward Health, Nation's Largest Physician-Owned Hospital Operator, Files for Bankruptcy [Yahoo! Finance]Yahoo! Finance
LI
Sec Filings
- 5/7/24 - Form 6-K
- 5/1/24 - Form 6-K
- 4/30/24 - Form SC
- LI's page on the SEC website