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Connor Clark & Lunn Investment Management Ltd. grew its position in Li Auto Inc. (NASDAQ:LI – Free Report) by 9.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 561,658 shares of the company’s stock after acquiring an additional 49,330 shares […]
Connor Clark & Lunn Investment Management Ltd. increased its stake in Li Auto Inc. (NASDAQ:LI – Free Report) by 9.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 561,658 shares of the company’s stock after purchasing an additional 49,330 shares during […]
Chinese electric vehicle (EV) maker Xpeng will spend a record 3.5 billion yuan (US$486 million) in 2024 and hire 4,000 new workers, as it unveils plans to churn out 30 new models over the next three years.
The Chinese Electric Vehicle maker reiterates plans for buybacks without going into specifics.
Key Insights The projected fair value for Li Auto is US$29.33 based on 2 Stage Free Cash Flow to Equity Li Auto's...