Latest news with #HomeAutoInc
Yahoo
12-04-2025
- Automotive
- Yahoo
Why Li Auto Inc. (LI) Went Down Up Thursday?
We recently published a list of . In this article, we are going to take a look at where Li Auto Inc. (NASDAQ:LI) stands against other Thursday's best performers. Investors sold off positions on Thursday, sending the stock market tumbling anew following President Donald Trump's announcement that he had actually raised tariffs on Chinese goods by 145 percent since taking office. Among all major indices, the Nasdaq was battered the most, losing 4.31 percent. The S&P 500 followed with a 3.46-percent drop while the Dow Jones came in last, down 2.50 percent. Meanwhile, 10 companies bucked a broader market decline, registering modest gains during the session. In this article, we have listed Thursday's 10 best performers and detailed the reasons behind their gains. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million trading volume. A factory worker welding a car body with precision. Li Auto saw its share prices grow by 5.25 percent on Thursday to finish at $22.25 each as investors cheered news that it officially expanded into Southeast Asia with its entry into the Philippines. Initially, LI began distributing the Li L7, a five-seater luxury midsize crossover, and the Li L9, a six-seater full-size flagship sports utility vehicle. It also signaled the possible arrival of a third and larger model—the Li Mega. LI tapped HomeAuto Inc. as its official distributor in the Philippines. 'We are thrilled to introduce Li Auto's innovative smart electric vehicles to the Philippines,' said Stone Yu, CEO of HomeAuto Inc. 'The local market presents a significant opportunity for us with its increasing awareness of electric vehicles and growing interest in modern technology. Filipinos' strong family values align perfectly with our vision, so we are confident that they will appreciate the unique blend of luxury and technology that Li Auto offers.' Overall, LI ranks 9th on our list of Thursday's best performers. While we acknowledge the potential of LI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than LI but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
10-04-2025
- Automotive
- Yahoo
Li Auto launches sales in the Philippines
Li Auto officially launched sales operations in the Philippines this month, with the Chinese automaker targeting growing demand for battery electric vehicles (BEVs) in the country. The company has set up a partnership with local marketing distributor HomeAuto Inc under the name Li Auto Philippines Inc. Li Auto joins a growing list of Chinese BEV and hybrid-electric vehicle manufacturers to have entered the Philippine market in the last year, after the government introduced its EO12 zero-tariff programme in 2023 – originally targeting BEVs and later also covering hybrid vehicles. BEV sales are expected to reach 20,000 units this year. The company launched two upmarket battery-powered SUVs in the market earlier this month, the L7 and Li L9 range-extended electric vehicles (REEVs), targeting the luxury segment occupied by brands such as Lexus, BMW and Mercedes-Benz. Stone Yu, CEO of Li Auto Philippines, told reporters at the launch: 'The local market presents a significant opportunity for us with its increasing awareness of electric vehicles and interest in modern technology. Filipinos' strong family values align perfectly with our vision, so we are confident that they will appreciate the unique blend of luxury and technology that Li Auto offers.' "Li Auto launches sales in the Philippines" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
08-04-2025
- Automotive
- Yahoo
Why Li Auto Inc. (LI) Went Down On Monday?
We recently published a list of . In this article, we are going to take a look at where Li Auto Inc. (NASDAQ:LI) stands against other Chinese stocks that performed worst on Monday. Wall Street's main indices finished mixed on Monday as investors remained cautious amid the escalating trade tensions globally, with President Donald Trump threatening to slap China anew with a 50-percent tariff if the latter does not withdraw its countermeasure. The tech-heavy Nasdaq was the sole gainer during the day, up 0.10 percent. In contrast, the Dow Jones declined by 0.91 percent and the S&P 500 dropped by 0.23 percent. Meanwhile, 10 companies—predominantly Chinese stocks—were sold down as investors moved away to minimize the potential risks from the trade war. In this article, we have identified Monday's worst performers and detailed the reasons behind their drop. To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume. A factory worker welding a car body with precision. Li Auto declined for a fourth day on Monday, shedding 6.76 percent to finish at $21.51 apiece as investors disposed of Chinese stocks amid the escalating trade tensions between the US and China. In recent news, LI announced its entry into the Philippine market as demand for electric vehicles in the country continues to rise. It tapped HomeAuto Inc. as its official distributor in the country. Notably, the Philippines is LI's first market in Southeast Asia to offer its range of family-oriented range-extended EVs. 'We are thrilled to introduce Li Auto's innovative smart electric vehicles to the Philippines,' said Stone Yu, CEO of HomeAuto Inc. 'The local market presents a significant opportunity for us with its increasing awareness of electric vehicles and growing interest in modern technology. Filipinos' strong family values align perfectly with our vision, so we are confident that they will appreciate the unique blend of luxury and technology that Li Auto offers.' Overall, LI ranks 8th on our list of Chinese stocks that performed worst on Monday. While we acknowledge the potential of LI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than LI but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
