Stock price of NIO at $8.79 and LI at $21.43 does not make sense
NIO (NYSE: NIO) vehicles registered 3,345 insurance units last week, down slightly from 3,357 the week before.
The ET5 had 2,106 insurance registrations last week, 154 for the ET7 and 227 for the ES7. The company's older models had a total of 858 insurance registrations last week, including 87 ES8s, 531 ES6s and 240 EC6s.
Li Auto(NASDAQ: LI) insurance registrations for the week were 3,222, down 40.2 percent from 5,387 the previous week.
The Li L9 registered 1,361 units last week, down 36.6 percent from the previous week, while the Li L8 registered 1,623 units, down 44.8 percent from the previous week. TheLi L7, which has yet to officially begin deliveries, registered nine units last week.
The company still appears to be clearing inventory of the Li ONE, which saw 229 insurance registrations last week for the discontinued model.
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