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Li Auto Inc. (NASDAQ:LI – Get Free Report) has been assigned a consensus recommendation of “Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued a report on the […]
Asian equities were higher as Taiwan, South Korea, and Australia outperformed.
China’s carmaker association retracts agreement by Tesla, Nio Xpeng and other EV makers, saying it violates the country’s anti-monopoly laws.
China Association of Auto Manufacturers (CAAM) has withdrawn the pledge to refrain from "abnormal pricing" to avoid any antitrust issues. The pledge involved 16 automakers including Tesla and Li Auto, and was intended to end the conflict over industry profitability.
Tesla and China’s top electric-vehicle makers including BYD pledged to maintain fair competition and avoid “abnormal pricing” in the world’s biggest EV market, signalling a possible end to the 2023 price war that’s shrouded the industry.