CNBC's Phil LeBeau joins 'Power Lunch' to discuss the shares tumble of Chinese EV automakers.
American depositary receipts (ADRs) of Li Auto (LI) cratered Wednesday after the Chinese electric vehicle (EV) manufacturer's profit sank on higher costs and price cuts as slumping EV demand increased

Why Li Auto Stock Crashed Today

01:48pm, Wednesday, 28'th Aug 2024
Li Auto unit sales grew faster than revenue, and that raised a yellow flag for investors. The company recently launched its first fully electric EV.
Chinese electric vehicle stocks are under pressure after the recent earnings showed the extent of the ongoing slowdown. Li Auto (LI) stock plunged by more than 17% on Wednesday, bringing the 12-month

Li Auto squeezed by rising costs, lower prices

06:07am, Wednesday, 28'th Aug 2024
Li Auto on Wednesday reported a sharp decline in profit in the second quarter as the Chinese carmaker reported a surge in costs as it cut prices due to intense competition.
The car manufacturer reported adjusted earnings per share of about 10 cents, above the 9 cents expected by Wall Street.
Quarterly total revenues reached RMB31.7 billion (US$4.4 billion)1 Quarterly deliveries reached 108,581 vehicles BEIJING, China, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the �
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often

Forget Tesla: 3 EV Stocks to Buy Instead

12:35pm, Saturday, 24'th Aug 2024
The EV market is growing, but at a slower pace, partly due to Tesla's (NASDAQ:TSLA) influence on the overall sector.
The latest trading day saw Li Auto Inc. Sponsored ADR (LI) settling at $21.35, representing a +1.04% change from its previous close.
Li Auto Inc. is expected to report Q2 earnings on August 28th, before the market opens with investors closely watching for updates on margins and delivery forecasts. Management sharply cut its 2024 de
Things appear to be getting better in the Chinese luxury electric vehicle market. Li Auto , which is the largest of the emerging EV players in China, delivered 51,000 vehicles for July 2024, an increa
Initiating coverage on Li Auto with a "Buy" rating, an undervalued stock with the potential to navigate challenges in the EV industry. Li stock plunged due to revised delivery guidance, margin compres

Why Li Auto Rallied Today

03:47pm, Monday, 19'th Aug 2024
Bloomberg New Energy Finance increased its estimates for China's "cash for clunkers" subsidies. China decided to double its "cash for clunkers" subsidies last month after instituting the program in Ap
The S&P 500 index touched highs of 5,670 in July. Over the last one month, the index movement has been volatile with a downward bias.
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