Will wait post-earnings to start trading this one again.
IBD headline: Li Auto, China’s High-End EV Producer, To Report Earnings Monday
Li Auto unveiled its new L9 model SUV in June, which received 30,000 orders in first 72 hours of its availability. Deliveries are expected to begin later this month, with the company guiding expectations to 10,000 deliveries in September.
In Q1, Li Auto earned 7 cents per share, up from a loss of 2 cents per share. Sales ballooned 175% from $546 million to $1.5 billion.
The company ranks first in IBD’s Auto Manufacturers industry group, ahead of Tesla, Ford (F) and others.