There are currently 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should « buy » Li Auto stock. View analyst ratings for Li Auto or view top-rated stocks.
Similarly, Why is Li Auto down?
LI, -2.01% dropped 3.8% in premarket trading Monday, after the China-based electric vehicle maker cut its outlook for third-quarter deliveries, citing the slower-than-expected recovery in the supply of semiconductors.
Is Li Auto better than NIO? We can see both NIO and Li Auto are expected to grow at a stellar pace. While NIO stock is valued at a forward price to 2022 sales multiple of 4.1x, the ratio for Li Auto is also similar at 4.2x. However, I believe Li Auto is currently a better investment, given its higher gross margins and narrower losses.
Thereof, Why did nio drop today?
Why Nio Shares Dropped Tuesday
Nio (NYSE: NIO) investors are trying to balance new catalysts for the Chinese electric-vehicle (EV) maker with a short-term issue that has Nio’s production on hold.
Which Chinese electric car company is the best?
BYD ( BYDDY 0.12% ) controls the highest share, 18%, of China’s EV market. The company derives more than half of its revenue from auto and related products. In November, BYD delivered 97,242 vehicles. Of that, 90,121 units were EVs, including plug-in hybrids.
Is Li Auto an EV company?
Company Profile
Li Auto Inc. is an innovator in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles.
Who is bigger NIO or Xpeng?
Compared to Nio’s $47.7 billion market capitalization, Xpeng’s $35.7 billion is certainly smaller but still sizable. Moreover, if you assumed that Nio’s financial and EV delivery results were superior, think again.
Is it good to invest in NIO?
Investing in Nio today is best suited for investors willing to face extreme volatility and very high risk. However, the old saying that the greater the risk, the greater the reward holds true here. An investment in Nio is risky due to external factors beyond the company’s control.
What is the target price for NIO stock?
Stock Price Targets
| High | $552.16 |
|---|---|
| Median | $210.08 |
| Low | $153.62 |
| Average | $245.40 |
| Current Price | $20.42 |
What is a good price for NIO stock?
NIO Inc (NYSE:NIO)
The 29 analysts offering 12-month price forecasts for NIO Inc have a median target of 32.97, with a high estimate of 86.67 and a low estimate of 24.11. The median estimate represents a +67.81% increase from the last price of 19.65.
What EV stock does Buffett own?
BYD (BYDDY)
In 2008, Buffett’s company Berkshire Hathaway bought 225 million shares of BYD for US$232 million. Berkshire’s latest shareholder letter shows it still held those shares as of Dec. 31, 2020 — except their market value had surged to roughly US$5.9 billion.
Is Nio the largest EV in China?
Xpeng Motors and Li Auto each posted a record for monthly sales, while NIO once again reported deliveries of more than 10,000 units in December, helping reinforce China’s position as the world’s largest EV market.
Is BYD bigger than Tesla?
“Tesla is the world’s largest electric vehicle maker, delivering 308,600 electric vehicles in the fourth quarter, up from 241,300 in Q3, 201,250 in Q2 and 184,800 in Q1. But BYD is catching up. BYD sold 93,945 new energy vehicles in December, up 218% vs.
Is Li Auto listed in China?
Aug 12 (Reuters) – Chinese electric vehicle maker Li Auto made a weak debut in Hong Kong on Thursday as its shares closed down, while the company also flagged it could consider a mainland listing. The company raised $1.52 billion by pricing its stock at HK$118 each in its dual primary listing in the city.
What cars does Li Auto make?
The company’s current market cap notably makes it larger than more established carmakers including Kia, Subaru, Nissan and Renault. Headquartered in Beijing, the company employs more than 2500 people, and claims to have delivered a total of 90,491 cars in 2021, an increase of 177.4 per cent compared to 2020.
Is Li Auto a SPAC?
Li Auto (NASDAQ:LI) has several key features that elevate it over rivals. For one, it debuted via an initial public offering (IPO) rather than a SPAC. This means LI stock had to do a traditional roadshow and endure the thorough underwriting process from investment banks.
Who is the largest EV car maker in China?
Chinese battery and electric car company BYD dominated the new energy vehicle best-sellers’ list in September, accounting for five of the top 15 cars sold, the passenger car association data showed.
What is a better investment Nio or XPeng?
Yet, I believe NIO’s lower valuation and greater upside potential make it a better bet compared to XPeng. Analysts expect NIO stock to double from current prices while XPEV stock is expected to rise by 40% in the next year.
Will NIO stock go up 2021?
We think it is. Although Nio stock trades at a relatively high 12x consensus 2021 revenues, it should grow into this valuation fairly quickly. Sales are projected to more than double this year and growth is likely to come in at over 65% in 2022 as well, per consensus estimates.
Is NIO popular in China?
Shanghai-based Nio was founded in 2014 by William Li, a billionaire entrepreneur who got rich selling services to the auto industry. Nio currently sells three models and has a fourth on the way for early 2022. It’s delivered some 140,000 cars to customers in China and is expanding to Europe.
Is NIO Chinese stock?
NIO Inc is a China-based holding company principally engaged in the research, development and manufacturing of premium smart electric vehicles. The Company is mainly engaged in the design, development, manufacture and sales of high-end smart electric vehicles.
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