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Technology Stocks : "NIO, XPEV, LI, BYD.. China's Quads
BYDDF 12.04-0.2%1:50 PM EST

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To: kidl who wrote (2360)2/27/2024 8:05:37 AM
From: roto   of 2786
 
LI Auto just made it easier to cherry- pick a EV survivor.

Li Auto wins race to become the first of China’s major EV startups to turn a profit, sending shares up by over 25%



CFOTO—Future Publishing via Getty Images

Lionel Lim
Tue, February 27, 2024 at 12:09 AM PST

The Chinese electric vehicle maker Li Auto now has what many of its peers in China are searching for: a profit.

The Beijing-based company reported an annual net income of 11.8 billion Chinese renminbi ($1.7 billion), making it the first of China's three EV startups to record an annual profit. (The other two major startups are Xpeng and Nio, both of which have yet to reveal full-year results).
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