Nio and EV Peer Li Auto Shares Jump 6.7% after Robust Delivery in June Posted
TMTPost -- The American Depositary Receipts (ADRs) of Nio Inc. and Li Auto Inc. each jumped 6.7% Monday after two Chinese electric vehicle (EV) makers posted robust delivery growth in June. Credit：Nio Nio shattered its monthly record again with a delivery of 21,209 vehicles in June. The delivery represented a 98.1% year-over-year (YoY) increase, 3.2% more than the previous record--20,544 units set a month ago. Though the company decelerated its delivery compared with a YoY increase of 223.8% and a 31.% month-over-month (MoM)in May, it still maintained three-digit growth in the quarter ended June. That quarter saw a delivery of 57,373 vehicles, with a 143.9% YoY increase. The delivery volume beat even upper end of Nio’s guidance range between 54,000 units and 56,000 units made last month.
Nio Opens Largest Showroom in Europe Despite Looming EV Tariff Risk
TMTPost -- Chinese electric vehicle (EV) maker Nio Inc. is doubling down expansion efforts in the Europe despite the looming risk of tariffs on Chinese EVs imposed by the European Union. Credit：Nio Nio announced the NIO House | Amsterdam officially opened its doors last Friday. "NIO House is a vital part of the NIO community, enhancing the connection between the brand and its users. NIO House | Amsterdam aims to offer an open space for visitors and contribute to the local community's prosperity", stated Nio chairman and CEO William Li, "NIO House | Amsterdam is NIO's largest NIO House in Europe, marking a significant step in our global expansion. " "Electric vehicles are very important for positive development of the environment, they should never be used as a poli
[Li Auto (LI US, BUY, TP US$25) TP Change]: Delaying BEV Is the Wrong Approach to Competition
⬆ $Li Auto (LI)$ - LI Auto delays BEV launch to 2025 in chaotic Chinese EV market, but still rated as a buy due to SUV niche, healthy margin, and ample cash. Target price lowered to $25. Continue reading on Smartkarma:- https://www.smartkarma.com/insights/li-auto-li-us-buy-tp-us-25-tp-change-delaying-bev-is-the-wrong-approach-to-competition?utm_source=tiger_community By Eric Wen, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/eric-wen?utm_source=tiger_community On Li Auto (LI):- https://www.smartkarma.com/entities/li-auto-inc?utm_source=tiger_community
Li Auto Inc. (LI US) - Is the Mega Lesson Worthwhile?
⬆ $Li Auto (LI)$ - We are of the view that Li Auto has lowered priority for its FY24E profitability and the sell-off after the 1Q24 earnings call has largely priced in such management mentality. Continue reading on Smartkarma:- https://www.smartkarma.com/insights/li-auto-inc-li-us-is-the-mega-lesson-worthwhile?utm_source=tiger_community By CMB International, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/cmb-international?utm_source=tiger_community On Li Auto (LI):- https://www.smartkarma.com/entities/li-auto-inc?utm_source=tiger_community
AsianFin – Hefty tariff hikes on a range of Chinese products, including on electric vehicles, semiconductors, batteries and steel, is part of incumbent U.S. President Joe Biden’s election-year effort to win more votes by allegedly protecting the U.S. domestic industry. What repercussions are Chinese firms bracing for? How would they react to the fresh levies? An analysis of the event would offer some clues. Last Tuesday, the Biden administration released the results of the four-year review of the tariffs imposed on China under Section 301, stating that fresh tariffs will be imposed on a range of China-made products. Among them, electric vehicles, lithium batteries, and photovoltaic products are known in China as "new three major exports." Two days later, the White House issued