Should You Buy Li Auto Stock While It's 50% Below Its All-Time High?

Li Auto (NASDAQ: LI), a manufacturer of plug-in hybrid electric vehicles (PHEVs) and battery-powered electric vehicles (BEVs) in China, went public back in 2020. The stock rallied from its initial public offering price of $11.50 per ADS (American depositary share) to a record high of $46.65 in 2023.But today, Li's stock trades about 50% below that peak, at around $23 per share. The stock retreated as growth in the EV market cooled off and rising interest rates drove investors toward more conservative investments. The decline was exacerbated by China's economic slowdown and the ongoing trade war between the U.S. and China.Image source: Li Auto.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool