$LI $Li Auto(LI)$ earnings tomorrow will definitely disappoint. Multiple cities under lockdown just 2 months ago. Consumers don’t have the capacity to buy a new car. Their suv / the semi electric gas hybrid is by far the most popular sold. Seen all over China. And it costs 500k rmb. 80 usd fully loaded. Most Chinese make 1000 dollars a month. CCP “delayed Q3 GDP numbers” for a week. From the ground, many small businesses after 10 years open were forced to shut down. Earnings will disappoint. But long term perspective = beautiful. New 24 hour giga factory in Changzhou, Jiangsu. LI is more popular than NIO and last place XPEV.
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