Li Auto Inc. (NASDAQ:LI; 2015.HK) is increasingly looking like a survivor in the race to see who remains standing when an ongoing consolidation wraps up in China’s overheated new energy vehicle (NEV) sector. At the same
Li Auto Charges Ahead In Fourth Quarter As Slowdown Looms
Summary
- Li Auto posted triple-digit revenue growth in the fourth quarter and improving margins, but forecast a sharp slowdown in the growth rate in the current quarter.
- The NEV maker’s revenue from vehicle sales rose 134% in the fourth quarter, but it forecast its overall revenue growth would slow to about 70% in the first quarter of 2024.
- The Chinese NEV sector’s rapidly slowing growth could accelerate on growing consumer worries following a recent string of negative headlines about the technology.
Bamboo Works provides news on Chinese companies listed in Hong Kong and the United States, with a strong focus on mid-cap and also pre-IPO companies. Our founding team has more than a century of experience in Chinese and global media and capital markets, working for names including the Wall Street Journal, Reuters, Alibaba and JPMorgan. Drawing on that background, we provide in-depth coverage to drive informed decision-making for investors and others interested in this dynamic group of companies, many of them overlooked by mainstream media.