$Li Auto(LI)$ Can the recovery sustain? Li Auto is a key player in China’s rapidly growing electric vehicle (EV) market. With its focus on extended-range EVs (EREVs), the company offers a unique solution for consumers seeking longer driving range, positioning it well for market share growth. Business Model Li Auto designs, manufactures, and sells EREVs, generating revenue primarily through vehicle sales. The company has also developed an integrated ecosystem that includes software, autonomous driving, and after-sales services, driving recurring revenue streams. Growth Drivers 1. Expanding EV Market in China – China’s regulatory push for EV adoption offers a long runway for growth. 2. New Model Launches – Li Auto’s upcoming launches, i