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LI - Li Auto: My Pick For The EV Market Will Likely Survive A Price War
Li Auto Inc.
2024-05-08 01:28:52 ET
Summary
Li Auto's stock is relatively cheap and is trading at a P/E range of 16.1x to 5.74x 2026 earnings.
The biggest risk facing LI is the potential slowdown in EV sales in China. This could trigger a price war due to oversupply.
Given its fast-growing nature and relatively stable balance sheet, I believe that Li Auto could be among the remaining “survivors” of this difficult period.