Wall Street Calls: Upgrades and Downgrades Deutsche Bank Upgrades Li Auto to Buy Deutsche Bank has upgraded Li Auto, a Chinese auto company, from Hold to Buy. The bank finds the stock compelling, especially after its 32% decline since late November. Deutsche Bank sees a promising future for Li Auto driven by a robust product…
Xpeng Secures $700 Million Investment from Volkswagen for Joint Development Chinese electric car startup Xpeng has announced a major collaboration with Volkswagen, receiving a $700 million stake to jointly develop two cars specifically designed for the Chinese market. This partnership comes at a crucial time for Xpeng, as the company seeks funding, while foreign automakers…
Chinese EV Maker Xpeng Reports Quarterly Return to Growth Overview Shares of Xpeng were higher Monday in the U.S. after the Chinese electric vehicle maker reported a quarterly return to growth for car deliveries, following more than a year of declines. Delivery Figures Xpeng on Saturday said it delivered 23,205 cars in the second quarter…
Chinese Electric Car Startup Li Auto Reports Triple Digit YoY Growth in May Deliveries Li Auto’s May Deliveries BEIJING — Chinese electric car startup Li Auto said it delivered more than twice as many cars in May versus a year ago. For a third-straight month, Li Auto’s deliveries topped 20,000 with a climb to 28,277…
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