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LI - Li Auto Inc. News Story

$18.82 -0.6  -3.1%

Last Trade - 05/05/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £25.31bn
Enterprise Value £22.24bn
Revenue £1.05bn
Position in Universe 375th / 6846

BUZZ-Wedbush says chip shortage overhang in autos might crash EV party

Mon 12th April, 2021 9:05am
** Wedbush believes the auto industry, including EV players,
will see a constrained chip supply chain into Q2 
    ** Analyst Daniel Ives sees only modest improvement into Q3
and the rest of the year
    ** Says Ford Motor  F.N , General Motors  GM.N , and Nio Inc
 NIO.N  are among the companies most impacted thus far
    ** "EV chip shortage continues to be a clear overhang on the
space as the Street worries this supply chain issue will crash
the EV party this year if it continues at this pace" - Ives
    ** The real cause of the shortfall is not tied to the
geography of production, but a combination of shift in consumer
purchasing tied to COVID, Ives adds
    ** EV leaders especially Tesla  TSLA.O , Nio, Xpeng
 XPEV.N , and Li Auto  L87Ay.F  currently have the capacity to
navigate through Q2 shortages, but must see chip improvements
for growing consumer demand from China and Europe - Ives
    

 (Reporting by Aniruddha Chakrabarty)
 ((aniruddha.c.thomsonreuters.com@reuters.net))
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