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Li Auto, XPeng, NIO Top Insurance RegistrationsThe NEV sales volume accounted for 17% of total new car sales in the month. Li Auto had the highest number of insurance registrations among China's new car makers in August, with 9,394 units, according to a table released Saturday by Sina Auto based on data from the China Automotive Technology and Research Center (CATARC). XPeng Motors came in second, with 6,945 insurance registrations in August, followed by NIO with 6,476. Earlier this month, Li Auto released figures showing it delivered a record 9,433 Li ONEs, the company's only model, in August, up 248 percent year-over-year and up 9.8 percent from July. XPeng said it delivered 7,214 vehicles in August, up 172 percent year-over-year but down 10 percent from July. NIO said it delivered 5,880 vehicles in August, up 48 percent year-over-year and down about 26 percent from July. The CATARC figures are based on insurance registrations for vehicles and are closer to true retail sales each month, as vehicles must have insurance in place and in effect before they can be licensed. Neta Automobile ranked fourth with 6,038 insurance registrations in August. The company previously said it delivered 6,613 vehicles in August. Leap Motor ranked fifth with 4,777 insurance registrations in August. The company previously said it delivered 4,488 vehicles in August. WM Motor had 3,144 insurance registrations in August, the CATARC data show. It has not yet released sales figures for August. Arcfox, the BAIC-owned EV brand, had 856 insurance registrations in August, compared with 642 for Seres, which sells cars in partnership with Huawei, 469 for HiPhi and 408 for Dongfeng Motor's premium EV brand Voyah. This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
NASDAQ:LI
by EqualOcean
Li Auto Delivered Record 9,433 Vehicles in Aug, Up 248% YoYDeliveries of the new Li ONE began on June 1. Li Auto delivered a record 9,433 units of the Li ONE, the company's only model, in August, up 248 percent year-over-year and 9.8 percent from July. That number exceeded many expectations, considering the company gave conservative guidance for the third quarter in its earnings report released earlier this week. For the first eight months of 2021, Li Auto deliveries have totaled 48,176 units. The Li ONE's cumulative deliveries now stand at 81,773 units, the company announced Wednesday. As of August 31, 2021, Li Auto has 114 retail centers covering 69 cities, as well as 194 aftermarket repair centers and authorized sheet metal spray centers covering 143 cities. Notably, when Li Auto announced its second-quarter earnings on August 30, it said it expected deliveries of 25,000-26,000 units in the third quarter. Considering that the company previously said that September deliveries were expected to exceed 10,000 units and July deliveries were 8,589 units, many believe this implies that Li Auto's deliveries in August will be at most 7,400 units. The Li ONE is an electric vehicle with extended-range technology, having a three-cylinder engine as the range extender. The Li ONE became available in October 2019. On May 25 of this year, Li Auto announced the 2021 Li ONE with a starting price of CNY 10,000 (USD 1,560) higher than the previous version at CNY 338,000. This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
NASDAQ:LI
by EqualOcean
Li Auto: Challenges, Opportunities and Stock ValuationThe company is expected to report its Q2 2021 financial results on August 30. Li Auto will use the money from the secondary public offering to develop a battery EV. Li ONE is a good-selling model – but the company is yet to prove its ability to roll out a mature BEV. There are concerns about Li's technology and goal-setting, but there is room for improvement. Li Auto is fairly priced. Investors who have faith in EREV are encouraged to buy into the stock now. On August 12, 2021, Li Auto (LI:NASDAQ) started trading on the Hong Kong Stock Exchange. It has become the second Chinese EV company to be listed on both hemispheres. Having collected CNY 11.6 billion while operating on dry powder, how will the company expand afterward? This article will do a business review of Li Auto and value its stock. The impediments arising from COVID-19 have not stopped China's EV market from sprinting in 2021. Among a wealth of EV companies, Li Auto delivered 38,743 units of Li ONE in the first half of that year, surpassing the previous year's figure. But the company's fundamentals are still somewhat overshadowed by those of its counterparts in the space. Technical bottlenecks, unrealistic goals According to our previous research, Li Auto has spent a lower percentage of revenue on research and development compared with NIO and Xpeng. More importantly, the Li ONE model uses the range extender as a core technology, one that has been used globally for some years now. Specifically, this technology was first commercially used on the Chevy Volt and the Nissan LEAF in late 2010. The extended-range electric vehicle (EREV) is fully powered by electric motors but has an internal combustion engine (ICE) to generate additional electric power. The battery pack will supply power to motors when it is fully charged. When the battery's power decreases to a specified level, the ICE-powered generator switches on to supply power to the electric motor and/or recharges the battery. The technology allows ICE to charge batteries but consumes noticeably less fuel than conventional internal combustion engine vehicles (ICEVs). Thus, vehicle owners can either charge cars with gasoline or electricity. In short, the range extender is a transitional solution and will likely be outdated in a few years as the battery cost quickly decreases and EV infrastructure upgrades. Presumably, BEV will account for a higher percentage of EV as EV penetrates the broader market. BEV development needs to meet professionalism/technology thresholds in battery, electric control and electric motor. Although most OEMs buy solutions from tier-one or tier-two manufacturers, a lot of work is needed for benchmarking and integrating these components into a mature product. Li Auto doesn't have enough expertise in this field. Based on Li's most recent prospectus, the company plans to roll out two new BEVs in 2023. We have doubts about whether the company will be able to finalize a mature product at that time. Besides, Li Auto's management set an exaggerated expectation of the company's EV sales that has alerted its investors. In February 2021, the company announced its outlook internally. The founder set a goal for the company to reach 1.6 million in annual EV sales by 2025. Such a target will be hard to achieve. 1.6 million vehicles equal Toyota's 2019 sales in China. Toyota, the Japanese auto giant, has been selling cars in the Chinese market for 20 years and has accumulated a much larger customer base and global reputation than Li Auto. An ambition to become a brand as famous as Toyota in five years appears challenging, to say the least. Having 1.6 million deliveries by 2025, inter alia, means that the annual delivery figures are projected to grow at a 170% CAGR, a rather high rate. Opportunities and attempts to catch up Notwithstanding, Li Auto still has an opportunity to join the group of tech leaders. Within the fast-growing EV industry, there are many suppliers providing solutions like ADAS, Lidar and third-party charging infrastructure – and, incentivized by China's state policies, new upstarts appear daily in these areas. The technological 'backwardness' of Li Auto might be resolved through a couple of acquisitions. The company, meanwhile, is taking some actions to drive innovation internally; for example, it started building an R&D center in Shanghai in April 2021. Li ONE, a best-selling model, also brought the public's attention to Li Auto. Li Auto's management expects over 10,000 sales in September 2021. We think the reason Li Auto has such strong momentum is due to its product positioning. One of the examples will be a family-oriented SUV with 6 to 7 seats. Compared to the competing models with the same price, this SUV is equipped with an entertainment system that includes three screens and appears to be a more economical option. The consistency in product positioning has made Li Auto a popular brand. Valuation To evaluate Li Auto's stock in a simplistic manner, we forecast Li's 2022 car sales will be around 130,000 to 140,000 units. With an assumed average revenue generated per car of CNY 284,000, according to the Q1 2021 financials, the total revenue for 2022 will be USD 5.7 billion to USD 6.1 billion. Because of Li Auto's ongoing technology transition, the multiple is halved to 5 times of 2022 revenue. Therefore, the projected market capitalization of Li Auto is USD 28.5 billion to USD 30.5 billion. Conclusion Li ONE is highly likely to maintain strong sales momentum in the short run. But 2023 will be a challenging year depending on whether the company can succeed in rolling out battery electric vehicles. Compared with NIO, Xpeng and BYD, the stock is at half of their EV divisions' multiples and priced at a reasonable level. Due to some technical and strategic issues, the company's outlook is mixed. Now is a good time for investors who have faith in EREV to make a decision.
NASDAQ:LILong
by EqualOcean
NIO - Potential Wyckoff Accumulation (P&F Target Inside)Since the distribution happened in Feb 2021, NYSE:NIO has formed a selling climax (SC) on 5 Mar 2021 followed by an automatic rally (AR), which defined the trading range. The selling climax comes with increasing of supply after reacting the earning announcement and even broke below the support at 40. Yet, there is no follow through to the downside. Instead, a trading range has formed. A lower high has formed within the trading range despite increasing effort (volume) to the upside, suggests that there is presence of supply. The down wave from 27 April till 23 May created a second point of fear (sort of) with localised increased of supply and spring below the selling climax low. The spring comes with increasing of supply and has been tested with a higher low and decreasing of supply, which is a successful test. Supply has been decreasing throughout the trading range is a bullish character. A commitment bar showed up on 24 May 2021 followed by a potential sign of strength rally. Right now, the price stalled at the resistance area with possible supply absorption characters. A commitment above 43 could suggest a start of a markup phase to test the upside target of 50 based on the point & figure (P&F) projection, as shown below. Based on the first segment (highlighted in green) with count line at 31, NIO has a minimum target price of around 50 should it commit above 43. Higher target can be estimated should the first target at 50 hit. Failure case: a break below 39 could suggest the timing is not yet ready, and more time to be spent within the trading range.
NYSE:NIOLong
by mingjong
Li Auto Why so sideways?Li Auto was looking very good to me, but now I'm not so sure. Typically, the textbook Bull Flag that it created would already have experienced a breakout. The elongated symmetrical triangle is also not sending any clear signals of which way it'll go. With volume low and earnings looming, we have seen LI find support and cool off. I still remain bullish behind the company. Expecting breakout in the coming weeks, especially behind good earnings. Only Time Will Tell. *NFA*
NASDAQ:LILong
by MrxMvP
13
$LI setting up for a bullish rallyHello dear padawans. Today we are going to take a look at LI, the Chinese car company. If you read what analysts say you may be torn between buying or waiting on this one. Here I am just looking at the chart. Overall the outlook is very bullish for LI. All indicators on the chart are bullish on the daily timeframe. Volume today was not exceptional but above average, which resulted in that nice green candle. Additionally, LI is on the verge of breaking out of the triangle accumulation pattern, which has formed over the past 3 months after ATH. Seems like a good amount of time to cool off and reset for a new rally. The textbook way to trade this pattern is to wait for a breakout bullish from the triangle. I am anticipating a breakout so I already entered the trade. I accumulated recently on every touch of the triangle support so I am already seeing some green after today's bullish candle. Remember that although outlook is bullish it doesn't mean we will go to the moon tomorrow. In fact, there is nothing saying it won't go down although I would be very surprised if that happens. Also, if it breaks bullish be on the watch for throwbacks as they happen frequently on this type of pattern (BNGO just did that today after breaking out of the same pattern--hopefully it will bounce back up tomorrow). Bottom line: if you enter a trade, put a stop loss that matches your risk tolerance. The dotted lines are the targets on the way up in case we go there. Good luck and safe trades! Show your love: If you get anything out of this TA, please hit the like button so other can find this analysis quicker. Follow for more: If you want the best entry/exits just follow me, you won't regret. Thanks a lot! ***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
NASDAQ:LI
by Safe_Trades
4
LI AUTO, Oversold at support & Bullish EngulfingAfter fibo 61.8% retrace LI tested the upper side of the ascending channel and retrecaed back to fibo 50%. This area is acting as an important support and yesterday' formed a Bullish engulfing candle. If we close in green today the engulfing will vallidate and it will either test the next fibo at $40 or the upper channel. If it cant break that expect a correction back to 38.2% or $35 area. Put your stop below yesterday's wick just in case.
NASDAQ:LILong
by Kryptolinks
Li Auto - EV Saturday, 23 January 2021 16:00 PM (WIB) Very interesting to know 5 years projection from Mr. Joe Biden as President of the USA. This includes a zero-emission campaign and zero pollution. This is a Revolution for Solar Power and Electric Vehicles and Transportations, etc. Which could have a very positive impact on Earth's healthy. I agree with him. Living without pollution, and zero-emission will decrease warming global. The moon will share positive gravitation to the Earth. And the Earth will have an atmosphere umbrella for protection from the Sun's waves, and stronger magnetic on Earth. There would decrease in Tsunami disasters, Massive dead animals in the Oceans, and much more. About Li Auto www.lixiang.com www.youtube.com Best regards, RyodaBrainless "Live to Ride and Ride to Live"
NASDAQ:LILong
by RyodaBrainless
1
LI 10% up; next target $37As I have been saying the past couple of weeks, after the hammer candle on the weekly chart and the close with a bullish candle last week, LI was poised to go higher. I have made good money trading the support and resistance all along as you can see from my previous charts and updates. I have accumulated a very good amount at an average price of $33.33, which would put me in a very good position if we keep rallying. That is why we buy the technicals when a stock finds support and wait patiently for these rallies. If you are not in yet, wait for a re-test of the strong $37 resistance. If LI is able to close above, you can buy and place a stop loss strategically below the $37 so you minimize your risks. Buying now would be FOMO in my opinion because there is nothing to anchor your entry against. Now to the moon! Safe trades! ***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!*** ***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
NASDAQ:LILong
by Safe_Trades
After the hammer LI closes the week with a nice bullish candleLast week LI closed with a hammer candle, which signals reversal if confirmed by the next candle. LI also closed above the resistance trendline. The candle also has more volume than the previous 4 candles, which is very bullish. Despite the loss in the afternoon today LI closed with a strong bullish candle. The candle peaked with 26% gains. There was some selling pressure but that may be related to COVID and news related to unemployment numbers and stimulus bumps. We still closed the week with 17% gains. Now we need to keep monitoring next week but this week's candle is what we wanted to see. I traded LI a few times this week for huge gains as you can see on the updates on my linked chart. I sold my shares one more time this morning when the price peaked and got back in at an average price of 34.87. I am also happy we closed the day (thus the week) above the stubborn $33-$34 resistance, reason why I bought back in. Safe trades, everyone! ***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!*** ***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
NASDAQ:LI
by Safe_Trades
2
Hoping Li can regain its spark #stocksLi is current reversal play in the portfolio with a stop below 26. After a brief exit to the downside from the near term range (rectangle box), the stock has reversed back up into the range. I am playing for a further breakout above 35. The stock is very volatile so I am giving it room. Todays down move and anywhere between here and the 27 area are still buying opportunities as long as the reversal structure stays intact and we can get some positive rate of change.
NASDAQ:LILong
by IngenuityTrading