Li Auto releases a new L9 SUV model. In the first 3 days, the new L9 SUV collected about 30,000 orders. At the same time, the cost of an SUV cannot be called democratic. The L9 SUV model will cost almost $70,000. To order an L9 SUV, a deposit of 5,000 yuan is required.
Stock of Chinese electric car manufacturers have not ceased to please in the last month. Stock prices of Li Auto and other Chinese electric vehicle companies are gradually recovering after the extension of tax breaks and the coronavirus pandemic. Stock of Li Auto (LI) are up 88% in the last month. Upside potential for the stock remains. Citigroup have raised their price targets for the next 12 months. The maximum target price is $58.6 (possible upside potential of 43.66%).