- NASDAQ:LI surges 12.59% during the first trading session of 2021.
- Li Auto reports a new monthly and yearly sales records for 2020.
- Li opens seven new retail locations in China in the month of December.
NASDAQ:LI paced the electric vehicle sector to begin the year as strong sales numbers from all of the major brands helped overcome what was a shaky end to 2020. On the first trading session of 2021, Li gained 12.59% and closed the day at $32.46, just below the stock’s 50-day moving average. Like many Chinese electric vehicle stocks, Li had taken a hit from the allegations of fraud against Kandi (NASDAQ:KNDI). Investors were once again reminded of the risks in investing in international companies that may not incorporate the same regulations on book-keeping as in America.
Like many of its rivals, Li posted phenomenal vehicle delivery numbers in the fourth quarter of 2020, as well as throughout the rest of the year. The quarterly vehicle deliveries came in at 14,464, bringing the total for the year up to 32,624. Incredibly, Li showed an impressive quarter-over-quarter increase into the fourth quarter, which saw nearly 45% of the total vehicles sold during the year. The figures put up by Li were more than both NIO (NYSE:NIO) and XPeng (NYSE:XPEV), which are generally thought of as the industry leaders in China.
Li Auto stock price news
Li also opened seven new retail locations in China during the month of December which expanded its presence in the country to 41 different cities. While NIO and XPeng are usually the names investors see as synonymous with the electric vehicle revolution happening in China, Li is quietly going about its business and leading the way with its uber-popular Li ONE SUV.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD remains offered near the 1.0800 zone
On Monday, EUR/USD remains rangebound around 1.0800, as risk-averse sentiment keeps the US Dollar buoyant amid ongoing tariff concerns, while investors remain wary ahead of "liberation day".
Gold holds near fresh records, rally far from over
Gold surged toward a record-setting $3,150 in the second half of the day as safe-haven flows amid escalating global tariff war fears and US economic concerns weighing on Treasury yields propelled XAU/USD higher.
GBP/USD breaks below 1.2900, daily lows
The selling pressure continues to hurt the risk-associated assets at the beginning of the week and now sends GBP/USD back to the sub-1.2900 region, or daily troughs.
Seven Fundamentals for the Week: “Liberation Day” tariffs and Nonfarm Payrolls to rock markets Premium
United States President Donald Trump is set to announce tariffs in the middle of the week; but reports, rumors, and counter-measures will likely dominate the headline. It is also a busy week on the economic data front, with a full buildup to the Nonfarm Payrolls (NFP) data for March.
US: Trump's 'Liberation day' – What to expect?
Trump has so far enacted tariff changes that have lifted the trade-weighted average tariff rate on all US imports by around 5.5-6.0%-points. While re-rerouting of trade will decrease the effectiveness of tariffs over time, the current level is already close to the highest since the second world war.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.