Name of opportunity: 👀
Li Auto Inc
Photos of the brand’s first all-electric SUV revealed 🚘
Li Auto has seen a price increase, the stock has risen by 13.20% in the past day, and is up by 11.38% in the past week. The reason behind this might be because the company recently unveiled its first ever all-electric SUV model.
Li Auto is a growth stock, which means it reinvests its profits to grow the business. The company is also currently performing well as it is showcasing solid financial stability and has strong cash flow and revenue. Analysts are currently calling this stock a ‘buy’.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Li Auto Inc might increase from $29.84 to $33.98 in the next 12 months. If you invested $1000, you might profit $138.90.
The reason behind the stock’s price increase might be because the EV manufacturer posted 2 photos of its new Li i8 model. This all-electric SUV is a first for the company, which showcases its innovation and skill. The reveal of this model might have boosted investor confidence in Li Auto, which might have impacted the stock price.
The reveal was planned for February 27th, but the company decided to move up the date to avoid a clash with the launch of Xiaomi’s SU7 Ultra. Li Auto have said they did this to thank the CEO of Xiaomi, for previous help in the past and to avoid any misunderstanding.
Another reason behind the price increase might be because Li Auto’s decision to manufacture an all-electric SUV has opened the door to a new market. This expansion might mean growth for the company, which might be why investors have bought in.
A number of Chinese stocks particularly those operating in the tech space like Alibaba Group have recently seen their prices rise. Some analysts are saying that consumer spending in China may be on the up.
Chinese EV manufacturer 🚗
Li Auto Inc is a Chinese electric vehicle company who have manufacturing facilities in Changzhou, but are headquartered in Beijing, China.
Which neme?: 🔍
‘Top Gainers Today’, ‘Stocks On The Move’ ‘Made in China’ ‘Electric Vehicles’
Download Nemo Money to check out Li Auto. New users can grab our registration bonus up to a maximum of $50 on first deposit. Terms and conditions apply.
