Reported 4 months ago
Zacks Investment Research labels Li Auto (LI) as the Bear of the Day due to its weak performance in China's competitive EV market, especially in comparison to other Chinese EV makers like BYD and Nio. Li Auto's premium-priced models face challenges in the market, compounded by the recent increase in tariffs on Chinese EV imports by the Biden administration, hindering the company's international expansion plans and contributing to its declining stock performance.
Source: YAHOO