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Upstart stock surges after an upbeat outlook and progress on funding, Twilio's revenue forecast misses analysts' expectations, and Airbnb tumbles on cautious second-quarter guidance.
Li Auto expects to deliver between 76,000 and 81,000 vehicles in the second quarter, which would be an increase of between 165% to 182% on last year.
OPTIMAS CAPITAL Ltd bought a new stake in Li Auto Inc. (NASDAQ:LI – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 162,100 shares of the company’s stock, valued at approximately $3,307,000. Li Auto accounts for 3.2% of OPTIMAS […]
The risk of further price competition has not been fully eliminated, because key carmakers – particularly EV makers such as BYD – are struggling to meet lofty sales goals they set for this year.
China's automotive-grade chip suppliers Horizon Robotics Technology and Black Sesame Technologies are in a position to rival Nvidia and Texas Instruments (TI) in both high- and low-computing power autonomous driving processors required by their domestic carmakers, according to industry sources.