Page 28 - Li Auto News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Musk tempered Cybertruck expectations and delayed Mexico plant plans owing to high interest rates

CEO Elon Musk complains about everything from interest rates to growth. Other electric-vehicle companies are working in the same environment.

Li Auto Inc. (NASDAQ:LI – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 26,570,000 shares, a drop of 7.4% from the September 15th total of 28,690,000 shares. Based on an average daily volume of 6,570,000 shares, […]

Renaissance Capital LLC’s passive IPO-focused ETFs loaded up on Palantir, Rivian, and Kenvue stock, and exited an investment in Li Auto in the third quarter.

Chinese electric vehicle startup WM Motor has filed for bankruptcy, an example of yet another once-promising EV upstart that has been pushed to insolvency as bigger players gain market share and Chinese spending on big ticket items dwindles. WM Motor, backed by Baidu and Tencent, was one of the most well-funded EV startups in China, alongside Nio, Li Auto and XPeng. As it turns out, that money wasn't sufficient to compete in China's EV market, where automakers are crumpling under pressure to introduce new smart features and luxury products at increasingly lower price points.