Posted 2/24/2024, 4:21:24 PM
Li Auto Outperforms Rivals, Looks to Acquire Struggling EV Startups to Fuel Growth
- Li Auto stock has outperformed other Chinese EV makers and even Tesla over the past year
- CEO Li Xiang suggests Chinese government should encourage EV industry consolidation through M&A
- Li Auto may be positioning itself to acquire struggling Chinese EV startups
- Analysts are very bullish on Li Auto, citing strong financials, competitive positioning, and growth outlook
- With attractive valuation and profitability, Li Auto looks poised to continue taking market share from rivals like BYD