search icon
      blog search icon

      Li Auto Inc. (LI) stock was down today: Things you need to know - Stocks Telegraph

      By ST Staff

      Published on

      March 23, 2021

      12:21 PM UTC

      Li Auto Inc. (LI) stock was down today: Things you need to know - Stocks Telegraph

      Shares of Li Auto Inc. (LI) stock were down in today’s pre-market session.LI stock price fell by 4.55% to drop at $25.60 a share at the time of this writing.LI stock seemed green at the previous closing with a 2.05% gain and $26.82 per share price.It seems that LI Auto is involved in the Hong Kong listings along with Nio Inc. and XPeng Inc. according to the IFR report.Let’s take a closer look at LI stock.

      What’s happening?

      Li Auto Inc. (LI) is the designer, developer, manufacturer, and seller of smart electric sports vehicles in China.LI stock is more focused on Hong Kong listings these days and is currently in touch with Goldman Sachs and UBS for this purpose.Li Auto was listed in the US in July 2020 which points that LI stock has not good track of two financial years of regulatory compliance thus not eligible for a secondary listing in the Hong Kong exchange.In response to this condition, LI is considering to opt the option of Hong Kong dual primary listing that does not require the two-year track records rather it requires additional disclosures.

      Recent Activities of Li Auto.

      On March 8, 2021, LI stock did announce the adoption of the 2021 Share Incentive Plan by its board of directors and compensation committee.The maximum number of Class B ordinary shares under the 2021 plan was 108,557,400 at that time.FurthermoreLi Auto granted a performance-based option to Mr. Xiang Li, the CEO of Li Auto, to purchase the 108,557,400 class B ordinary shares under the 2021 share incentive plan.

      The financial look of LI stock.

      On February 25, 2021, Li Auto announced its fourth quarter and financial full-year results of 2020 in which LI stock generated RMB4.15 billion total revenue in the fourth quarter which was 65.2% high as compared to the third quarter of 2020.Gross profit was surged by 45.9% to RMB724.6 million in the fourth quarter while the gross margin was 17.5% in the fourth quarter of 2020.


      LI stock was falling today after gaining in the previous open market session.LI Auto has shown positive results in the fourth-quarter earnings report and under the leadership of Mr. Xiang Li, Li Auto is optimistic to grow further in the future.

      More From Stocks telegraph