Li Auto Stock News

More than 100 companies reported quarterly results on Tuesday, and there are nearly 600 more reports due out this week.

Cathie Wood led Ark Investment Management last Friday bought 24,876 shares estimated to be worth $942,551 based on the latest closing price in the U.S.-listed Chinese electric vehicle maker Xpeng Inc (NYSE: XPEV ) on the dip. The Guangzhou, China-based Xpengs shares closed 3.7% lower at $37.89 a share on Friday. The stock is down 24.6% year-to-date. The electric vehicle maker is much smaller in size than the current global market leader Tesla Inc (NASDAQ: TSLA ). It is however seen as a rival to other local Chinese electric vehicle startups such as Nio Inc (NYSE: NIO ) and Li Auto Inc (NASDAQ: LI ) as they have quickly Full story available on Benzinga.com

Calstrs more than tripled holdings in Chinese EV firms NIO, XPeng, and Li Auto, and initiated a position in Rivian in the fourth quarter.

Morgan Stanley analyst Tim Hsiao noticed a report that Li Auto''s chief technology officer was leaving the company. That''s a crucial position at car companies these days.

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Reports out of China indicated on Tuesday that Li Auto Chief Technical Officer Kai Wang is leaving the company. Read more.

NEW YORK , Feb. 15, 2022 /PRNewswire/ -- The lithium market is being driven by strong demand for lithium-ion batteries, which are, among other things, a source of power for electric vehicles (EVs). The propagation of EV and plug-in hybrid electric vehicles (PHEVs) has inevitably boosted the adoption of lithium-ion batteries. Other factors contributing to the growth of this market include a growing need for battery-operated material-handling equipment in several industries due to automation as well as the continued development of smart device and the growing adoption of lithium-ion batteries in renewable energy sector. And, according to data provided by MarketsandMarkets , the global lithium-ion battery market size is projected to grow from USD 41.1 Billion in 2021 to USD 116.6 Billion by 2030, while growing at a CAGR of 12.3% from 2021 to 2030. Foremost Lithium Resource & Technology Ltd. (CSE: FAT ) (OTC: FRRSF ), Fisker Inc. (NYSE: FSR ), Li Auto Inc. (NASDAQ: LI ), Lordstown Motors Corp. (NASDAQ: RIDE ), Kandi Technologies Group, Inc. (NASDAQ: KNDI ) Lithium-ion batteries are being rapidly adopted due to their compact size, rechargeability, recyclability and high-density energy output. "The push by automotive original equipment manufacturers (OEMs) and battery manufacturers to continually reduce battery pack costs continues," says William Tokash, Senior Research Analyst with Navigant Research. "This effort, led by improving battery manufacturing processes and maturing supply chains, is anticipated to yield a market driven by battery electric vehicles (BEVs), where both large and small capacity Li-ion battery-pack-equipped vehicles have markedly improved driving ranges." Foremost Lithium Resource & Technology Ltd. (CSE: FAT ) (OTC: FRRSF ) announced yesterday breaking news that, "it has been successfully up-listed from the OTC Pink Sheets to the OTCQB Venture Market (the "OTCQB").

China and Europe look to be the leading regional EV markets over the next decade.

BEIJING, China, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), an innovator in China’s new energy vehicle market, today announced that it will report its unaudited financial results for the fourth quarter and full year 2021 before the U.S. market opens on Friday, February 25, 2022.

BEIJING, China, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), an innovator in China's new energy vehicle market, today announced that it

Shares of U.S.-listed Chinese tech companies — led by … Full story available on Benzinga.com

Chinese new-car sales fell in January. Chinese electric-vehicle makers NIO, Xpeng, and Li Auto initially saw shares plunge before recovering.

Global Markets Slide On Mounting Ukraine Tensions US index futures and global stocks extended their Friday losses on Monday, as worries about growing geopolitical conflict in Ukraine sparked concerns about global economic growth and adding to concerns about inflation and the prospect of aggressive Fed rate hikes to tame it. Nasdaq futures were down 1.2% by 715 a.m. ET after earlier sliding as much as 1.5%. S&P 500 futures slipped 0.8%, setting up the benchmark U.S. index to fall further from a two-week low reached on Friday. Treasury yields dropped further from a multi-year high hit on Friday and gold rose, while bitcoin extended its sharp decline from Friday. Focal points Monday include comments by St. Louis Fed President James Bullard at 8:30am ET. Airline stocks slid in premarket trading, following European peers lower, as growing concerns about geopolitical risks over Ukraine ripple through global markets. Lockheed Martin Corp. scrapped its bid to buy Aerojet Rocketdyne Holdings Inc. after the Federal Trade Commission sued to block the deal.

Share of China-based electric vehicle maker Nio Inc. sank 3.5% in premarket trading Monday, after data showing that China''s car sales fell for the eighth straight month in January. the China Passenger Car Association said January retail sales of passenger cars declined 4.4% from a year ago, and said sales are expected to remain sluggish in February, as COVID-19 outbreaks and a slowing economy weigh on demand. Among other China-based EV makers, shares of Xpeng Inc. fell 2.4% and Li Auto Inc. dropped 2.8%. Tesla Inc.''s stock shed 2.0% premarket, as the U.S.-based EV leader had $13.84 billion revenue from China in 2021, or 25.7% of total revenue. The stocks'' declines come on a weak day for the broader stock market, with futures for the S&P 500 shedding 0.8%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Chinese new-car sales fell in January. Chinese electric-vehicle makers NIO, Xpeng, and Li Auto initially saw shares plunge before recovering.