Li Auto: Strong EV Choice, Low Price
LILI AUTO(LI) Seeking Alpha·2024-09-08 22:30
jozzeppe/iStock Editorial via Getty Images Li Auto (NASDAQ:LI) delivered better than expected Q2’24 earnings at the end of August and reported strong delivery growth. The EV maker, also, unfortunately, reported a decline in vehicle margins quarter-over-quarter, a sign that the EV market remains highly competitive, especially for start-ups. Despite the Q/Q margin drop-off, Li Auto has still by far the highest vehicle margin in the EV start-up industry group and convinces with a strong outlook for third q ...