Oct. 24 at 6:06 AM
$LI Historical support at/around
$22, though could fall further to
$17-20 based on the next/upcoming ER. The Company has lost some of its momentum from 2024/25 given the sales declines (YoY) in an increasingly crowded domestic market. The key here will come from expansion/growth EXTERNAL to mainland China. That does not have to be EU or NA initially, as import restrictions (tariffs) are grossly prohibitive without a partnership (see
$XPEV). The Company has a strong product portfolio (hybrid+EV), established domestic infrastructure and strong management, profitable with good FCF. Watch
$22 support, build
$17-20 with 50-100% upside from these levels (IMO) intermediate term once expansion plans gain traction.