Tesla, BYD, Li Auto, ASML, and More Stock Market Movers
Tesla is expected by analysts on Tuesday to report fourth-quarter deliveries of between 475,000 and 480,000 units, while China’s BYD tops that number with...
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Tesla is expected by analysts on Tuesday to report fourth-quarter deliveries of between 475,000 and 480,000 units, while China’s BYD tops that number with...
December deliveries from Chinese EV makers NIO, XPeng, Li Auto, and BYD look solid. That’s good for the industry and for Tesla.
Chinese carmaker BYD (BYDDF) has emerged as the world's largest carmaker, with sales for the fiscal year 2023 surpassing 3 million units. This achievement places BYD ahead of its main rival Tesla, as well as other domestic carmakers such as Li Auto, XPeng, and Nio.
Li Auto has already started taking pre-orders in China for its MEGA multi-purpose vehicle (MPV) at an estimated price of under 600,000 yuan ($84,533.24). The automaker said in November that the MEGA MPV would be the first model produced at its Beijing plant, which has a design capacity of 100,000 units a year. Founded in 2015, Li Auto offers four extended range hybrid SUVs priced above 300,000 yuan and designed for family users.
Key Insights Li Auto's estimated fair value is US$28.16 based on 2 Stage Free Cash Flow to Equity Li Auto's US$37.43...