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Alexious Lee is a name that investors in Li Auto Auto will learn quickly. Lee, an analyst at Jefferies, is not optimistic on the Chinese car firm due
Li Auto Jumps as Jefferies Sees EV Potential in Partnerships Li Auto gets a buy rating and $44.50 price target as Jefferies starts coverage. Author: Shares of Li Auto ( LI) - Get Report jumped Tuesday after analysts at Jefferies started coverage of the Chinese electric vehicle maker with a buy rating and $44.50 price target. At last check Li Auto shares jumped 6.8% to $34.81. Jefferies also started coverage of both Xpeng ( NIO) - Get Report with hold ratings. It put price targets of $54.50 on Xpeng and $60 on Nio. Xpeng was trading at $52.50, up 9.8%, and Nio climbed 0.9% to $56...
NIO just raised more money at good rates.
A nod from Wall Street and a new driver-assist system are giving shares a boost.
Provided by Dow Jones By Trefor Moss SHANGHAI -- Chinese car sales declined 6.8% last year, as the world's largest market for automobiles shrank for a third straight year. Yet the single-digit drop counted as a success in the context of 2020, industry analysts said, with the coronavirus pandemic taking an even heavier toll on other markets. Global car sales are estimated to have fallen 15% last year, according to research firm IHS Markit, while U.S. sales are also expected to have dropped about 15%. "In Q1 we projected much, much worse," said Lin Huaibin, ...