Trade Update

Trade Update: Li Auto

_{Posted by Club Member TomTD 4.7.23}

It has been just over 2 weeks since making the trade, the position is up around 7%.

The company just posted its Q2 delivery numbers. Li Auto delivered 32k vehicles in June, up 150% yoy, and 86k vehicles in total for the second quarter, up 200% yoy.

Li Auto significantly outperformed peers. NIO and XPeng delivered 23k each for the quarter, down 6.1% and 32% yoy respectively.

Market leaders, Tesla and BYD, also posted strong delivery numbers suggesting that EV demand remains robust.

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