Li Auto Inc (NASDAQ:LI) shares are trading lower by 3.7% to $29.20 going into the close of Wednesday’s session. Shares of US-listed Chinese stocks are trading lower after China missed GDP and retail sales estimates.
The EV space may also be down in continued reaction to recent Tesla Inc price cuts in China.
What’s Going On In China?
China’s Premier, Li Qiang, addressed the World Economic Forum in Davos, emphasizing the resilience of China’s economy to performance fluctuations and highlighting a consistent long-term growth trajectory.
An important revelation was the early disclosure of China’s projected GDP growth for 2023, estimated at around 5.2%, surpassing the targeted 5% before official figures are released.…Read More
According to data from Benzinga Pro, Li Auto has a 52-week high of $47.33 and a 52-week low of $20.80.
