huuou
2023-07-05

$Li Auto(LI)$ $10 was a relatively strong support level previously, now acting as a resistance. There is considerable upside here (IMO), along with $Li Auto(LI)$ and $XPeng Inc.(XPEV)$ as I have stated previously on further NEV penetration in the world's largest auto market (China SAAR ~27Mils), 80% penetration estimated by 2025CYE. $BYD Co., Ltd.(BYDDY)$ and $Tesla Motors(TSLA)$ have controlling positions by market share; however, new vehicles by these domestics should drive considerable top-line growth, and hopefully improve margins thru scale. 25-50% upside still here (IMO)

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