In stark contrast with western electric vehicle (EV) makers, who have been struggling as of late, Chinese companies in the space have performed quite well since the start of the year. Li Auto (NYSE: LI) is one such business — and despite a recent slump, Wall Street seems confident that the best is yet to come.
Li Auto Inc. (NASDAQ:LI ) Q4 2024 Earnings Conference Call March 14, 2025 8:00 AM ET Company Participants Janet Chang - Investor Relations Director Xiang Li - Chairman & Chief Executive Officer Johnny Tie Li - Chief Financial Officer Conference Call Participants Paul Gong - UBS Tim Hsiao - Morgan Stanley Tina Hou - Goldman Sachs Ben Wang - Deutsche Bank Yingbo Xu - CITIC Securities Operator Hello, ladies and gentlemen, thank you for standing by for Li Auto's Fourth Quarter and Full Year 2024 Earnings Conference Call. At this time, all participants are in listen-only mode.
U.S.-listed shares of Li Auto (LI) are falling around 3% in intraday trading Friday after the Chinese electric vehicle manufacturer projected a lower-than-estimated first-quarter sales number.
U.S. stock futures were higher this morning, with the Dow futures gaining around 150 points on Friday.
Chinese plug-in hybrid specialist Li Auto reported lower net profit for the fourth quarter despite record revenue as a brutal price war hurt its bottom line.
The EV maker's soft guidance will have done nothing to reassure investors.
Li Auto stock price will be in the spotlight this week as the company publishes its financial results. Its American shares were trading at $27.56 on Monday, down by almost 18% from its highest level this year, and by nearly 60% from its lowest level in 2024.
Li Auto's delivery results for February disappointed as the company only delivered 26,263 electric vehicles, 12% less than in the previous month. Seasonal effects are responsible for the drop-off in deliveries, which should normalize again in March. I maintain a strong buy rating for Li Auto due to its profitability, competitive price-to-revenue ratio, and superior vehicle margins compared to NIO and XPeng.
After enjoying strong rallies in the final week of February, two prominent Chinese electric vehicle (EV) makers experienced sharp and unexpected stock market drops on March 3.
Li Auto is expanding into EVs with the new i8 SUV, but rising costs, margin pressure and policy risks pose headwinds.
The Li Auto stock price has jumped, and is about to form a golden cross pattern that may push it much higher later this year. LI shares peaked at $28.6 on Friday, and is sitting at its highest level since October 30.
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 influence a stock's price, but are they really important?