A Tesla Chinese Rival Has Bad News About EVs [TheStreet.com]
Li Auto Inc. - American Depositary Shares (LI)
Company Research
Source: TheStreet.com
NFL NFTs Prove the Death of NFTs Isn't Here YetA Tesla Chinese Rival Has Bad News About EVsLi Auto has just confirmed that the development of EVs is still limited by a big problem.Electric-vehicle demand continues to grow as more and more consumers cross the psychological barrier and buy their first EVs.This shift is fueled by carmakers' efforts to bring EVs into the mainstream. It is the rare major car manufacturer that does not offer an electric model.Also helping the switch is that most authorities have made the battle against climate change a priority and offer tax credits for purchases of clean vehicles.Yet another factor: The surge in gasoline prices has persuaded some households to calculate the savings they would see with an electric vehicle. EVs generally cost more to buy but in the long term could be cheaper than a gasoline-powered car.BottleneckThe International Energy AgencysaidIn 2021 some 6.6 million EVs were sold, accounting for nearly 9% of the car market, according to
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News
- Li Auto Inc. (NASDAQ: LI) was downgraded by analysts at Barclays PLC from an "overweight" rating to an "equal weight" rating. They now have a $25.00 price target on the stock.MarketBeat
- Chinese EV startup Nio sets starting price for new version of ET7 sedan [Yahoo! Finance]Yahoo! Finance
- Chinese EV startup Nio sets starting price for new version of ET7 sedan [Reuters]Reuters
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Li Auto Inc. - LIGlobeNewswire
- LI LOSS ALERT: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Li Auto Inc. Investors to Inquire About Securities Class Action Investigation - LIPR Newswire
LI
Sec Filings
- 4/23/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/12/24 - Form 6-K
- LI's page on the SEC website