Li Auto Inc - ADR Stock News

Li Auto (LI) stock price had a difficult year in 2024 as it crashed by over 47% from its yearly high. Its US ADRs were trading at $24.45, giving it a market cap of over $24.4 billion.

Li Auto , the largest of the emerging EV players in China, delivered 48,740 vehicles in November. While the number was up by 19% compared to last year, it marks a decrease of 5% from October.

BEIJING, China, Dec. 01, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China's new energy vehicle market, today announced that it delivered 48,740 vehicles in November 2024, up 18.8% year over year. As of November 30, 2024, Li Auto had delivered a total of 441,995 vehicles in 2024, with cumulative deliveries reaching 1,075,359.

Donald Trump hasn't been shy about imposing tariffs when he returns to the White House in 2025. He has stated his intentions to levy 10% to 20% tariffs on imports and up to 60% to 100% tariffs on Chinese goods.

Li Auto remains my top EV investment due to strong Q3 results, high vehicle margins, positive (operating) income, and robust delivery growth. Li Auto outperformed NIO and XPeng in vehicle margins, achieving 20.9% in Q3, compared to XPeng's 8.6% and NIO's 13.1%. Li Auto's Q4 outlook is favorable with strong delivery volume and revenue growth, making it a strong buy at a P/S ratio of 0.9X.

LI has retraced as expected, with the bulls seemingly defending the $22s as the new support level. Much of the tailwinds are naturally attributed to the double beat FQ3'24 performance, excellent October 2024/ YTD deliveries, and promising FQ4'24 guidance. This is significantly aided by LI's richer profit margins and growing net cash on balance sheet, allowing the automaker to sustainably fund i...

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China-focused exchange-traded funds (ETFs) and stocks of Chinese companies listed on U.S. exchanges are falling in premarket trading Friday, after Beiing's latest stimulus package aimed at boosting the country's sluggish economy disappointed investors.