GELYF - Li Auto: Tempting At These Levels

• LI sits second between NIO and XPEV in terms of cumulative deliveries as all three continue to capitalize on strong EV demand in China.
• Revenue growth should continue strong and profitability could soon arrive as LI boasts the highest margins of the three.
• LI has the most attractive valuation based on forward PS compared to NIO and XPEV, aided by strong positive cash flow figures.
• Strong cash flow and a hefty balance sheet could aid further R&D, and partnerships like the one with NVDA could boost it ahead of peers.

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