Li Auto Stock Discussion

$Li Auto(LI.US)$
Li Auto will hold a launch event on smart driving in a week's time, expected to showcase its latest advances in the space as local electric vehicle (EV) makers scramble to show off their prowess in the field.
Li Auto will hold its summer launch event on smart driving on Jul 5, which will begin at 8 pm Beijing Time.
The company didn't reveal details about the event, but a poster hinted that it's expected to u...

$Tesla(TSLA.US)$
Tesla is losing its lead over legacy automakers in the quality of its new all-electric vehicles, according to an annual influential study conducted by J.D. Power.
The 2024 U.S. Initial Quality Study found the quality of Tesla's battery-electric vehicles, or BEVs, and those of traditional carmakers were the same, at 266 problems reported per 100 newly sold or leased vehicles.
Previously, Tesla models ...

As for autos, $GEELY AUTO(00175.HK)$ , $BYD COMPANY(01211.HK)$ , $LI AUTO-W(02015.HK)$ and $NIO-SW(09866.HK)$ opened declining 0.9% to 1.6%, while $XPENG-W(09868.HK)$ slumped 3.4% at open. $EVERG VEHICLE(00708.HK)$ shareholders demanded to replace directors, removing Liu Yongzhuo and Qin Liyong. Its shares opened 2.4% higher at $0.435.

$BYD COMPANY(01211.HK)$ $BYD Company ADR(BYDDY.US)$
Chinese automakers are expected to continue rapidly expanding outside of their home country to achieve 33% of the global automotive market share by 2030, according to a new report released Thursday by prominent consulting firm AlixPartners.
Much of the growth, from a forecast 21% market share this year, is expected to come outside of China. Sales outside of China are expected...

$XPeng(XPEV.US)$ $NIO Inc(NIO.US)$ $Li Auto(LI.US)$ slapped by EU tariffs. wait 4th July.

$Li Auto(LI.US)$ Another China company with PE close to 10. The prosoect of this EV maker has high potential

$BYD COMPANY(01211.HK)$ eroded 0.6% at $238.2. For other auto stocks, $LI AUTO-W(02015.HK)$ and $XPENG-W(09868.HK)$ hiked 2.1% and 1.1%.

$Lion-OCBC Sec HSTECH S(HST.SG)$
China premier calls to 'oppose decoupling' at economic forum
We should broadly open our minds, work closely together, abandon camp formations, (and) oppose decoupling," said Li Qiang, China's second-ranking leader, who has been tasked by President Xi Jinping with managing economic affairs.
$Li Auto(LI.US)$ $XPeng(XPEV.US)$ $NIO Inc(NIO.US)$

Hong Kong stocks opened higher in the morning. $Hang Seng Index(800000.HK)$opened 60 points or 0.3% higher at 18,088. $Hang Seng China Enterprises Index(800100.HK)$ opened 22 points or 0.3% higher at 6,463.  $Hang Seng TECH Index(800700.HK)$ opened 11 points or 0.3% higher at 3,689.
$FOSUN PHARMA(02196.HK)$ proposed to privatise $HENLIUS(02696.HK)$ at $24.6 per share. HENLIUS opened rocketing 21.3% at $22.85, while FOSUN PHARMA opened lifting 1.2% at...

$BYD COMPANY(01211.HK)$ $BYD Company ADR(BYDDY.US)$
This article by Fai Pui was first published in The Bamboo Works, which provides news on Chinese companies listed in Hong Kong and the United States, with a strong focus on mid-cap and pre-IPO companies.
Key Takeaways:
- The EU's proposed tariffs on Chinese EVs turned out to be lower than feared, especially for BYD.
- Chinese EV companies are expected to accelerate efforts to set up factories in...