Li Auto is Making a Name for Itself in the EV Space

As of December 31, 2020, the Company had 52 retail stores covering 41 cities, and 114 servicing centers and Li Auto-authorized body and paint shops operating in 83 cities. As interest in Li ONE grows steadily, the Company remains committed to the continuous expansion of its direct sales and servicing network and further market penetration to support that interest.

Li Auto [$LI], much like its electrical vehicle compatriots NIO [$NIO] and Tesla [$TSLA], had a rock-solid finish to 2020. The Chinese EV space is still red-hot as we step into 2021, and the Chinese producer of the Li ONE SUV shipped 6,126 vehicles in December. That’s up from 4,646 in November and up about 530% compared with December 2019.

Getting a consensus delivery number for Li Auto and other Chinese EV producers is no easy feat. Most of the analysts are stationed in Asia and amassing a consensus is difficult. Tesla, for instance, delivered more than 180,000 vehicles in Q4, which was better than the 176,000 analysts projected.

Make no mistake, the Li earnings report is blockbusting, even without a true analyst consensus for comparison. The company, on its Q3 conference call, said it expected to roll out 11,000 to 12,000 vehicles in Q4. The company ended up delivering 14,464 in the Q4, handily surpassing its own projections. LOL: Analyst Compares Tesla to AOL

Better than 60% of analysts rate the three Chinese EV stocks—NIO, Li and XPeng—a Buy. The average Buy rating ratio for stocks in the Dow is about 57%.

NIO delivered more than 7,000 cars in December. Combined with Tesla and Li results, it looks like Chinese EV demand remains very healthy. XPeng [$XPEV], the other U.S. listed Chinese EV producer, hasn’t released December deliveries yet.

Li stock puked after reporting November deliveries, and simultaneously sold more stock to raise cash. It’s pretty obvious EV stocks are in a full bull market, as Tesla jumped a modest 740% in 2020 and is now the world’s most valuable car company by a long shot.

For Li, about 64% of analysts covering the company rate share Buy. The average analyst price target is about $37 a share. Monday should be an interesting day. Investors have Tesla’s recent Model Y pricing in China to deal with. A Model Y is priced below a NIO EC6 and right around the price of a Li ONE. Walmart Jumps Into Self-Driving Vehicle Space

Li stock closed 2020 at $28.83, up bigly from it’s July $11.50 IPO.

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