Li Auto
Soochow Securities initiates coverage on Li Auto with Buy rating
Soochow Securities believes Li Auto's unique product positioning should allow it to enjoy a higher valuation premium than its peers.
Li Auto to report Q3 earnings on Nov 29
Previously announced figures show that Li Auto delivered 25,116 Li ONEs in the third quarter, up 190 percent from a year ago and 43 percent from the second quarter.
Li Auto sees 100,000th vehicle delivered
This means that as of November 16, Li Auto had delivered 3,484 units for the month.
Further Reading: Nio, Xpeng, Li Auto build their moats through external investments
Nio has invested in about 40 companies in 5 years, and Xpeng and Li Auto have also made outbound investments to build deeper moats.
Li Auto delivered 7,649 vehicles in Oct, up 107% year-on-year
Li Auto said it received more than 14,500 new orders for the Li ONE in October.
Li Auto sees 100,000th Li ONE roll off line
With cumulative deliveries of 88,867 units through the end of September, the milestone means that it will easily surpass 10,000 deliveries in October.
Li Auto's Li ONE 'removed' from China's tax-free list, but this time investors learned the lesson
The removal of Li Auto's sole model, the Li ONE, from China's tax-free list has been widely reported by the Chinese media. But this is similar to the situation earlier this year, where they were older models that were no longer on sale.
Li Auto's 2nd plant starts construction in Beijing, production expected in 2023
The plant, which was originally Beijing Hyundai's No. 1 plant, has a total investment of more than $933 million and is scheduled to start production by the end of 2023.
Nomura initiates coverage on Li Auto with Buy rating and $43.4 price target
Nomura believes that Li Auto's solution not only reduces mileage anxiety, but also allows the company to unlock markets in regions where charging infrastructure is scarce.
Li Auto reportedly bought chips from black market at 800 times the cost of normal prices
Li Auto reportedly bought thousands of EPB chips, which normally cost about RMB 6 per chip, for about RMB 5,000 each.