Li Auto, Xpeng Stocks: Why Retail Is 'Extremely Bullish'
Shares of $LI AUTO-W (02015.HK)$ and $XPENG-W (09868.HK)$ surged as retail sentiment turned 'extremely bullish' due to positive developments.
Li Auto reported 10.6% year-over-year Q2 revenue growth to $4.36 billion, with EPS beating estimates at $0.20. Vehicle deliveries rose 25.5% to 108,581 units. The company expects up to 21.6% revenue growth in Q3, further boosting investor confidence.
Xpeng launched its new mass-market brand, Mona, priced to rival $Tesla (TSLA.US)$ ’s Model 3. Orders for the Mona M03 electric coupe exceeded 10,000 within 52 minutes. Xpeng's plans to build a manufacturing site in Europe also fueled optimism.
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SoundOfMusic : M03 honored Model 3 with better than future Model 2 pricing.
Model 2 is a promise. Mona M03 is TODAY!
天王蓋地虎 : what about their profitability?
bullrider_21 天王蓋地虎 : Mona M03 can make a profit even with the low price. Read my yesterday's post.