Citigroup lifted their target price on Li Auto from $48.00 to $51.50 and gave the company a buy rating in a research report on Thursday, February 9th.

Source: https://www.americanbankingnews.com/2023/05/14/li-auto-nasdaqli-price-target-raised-to-40-00.html

Considering that Li Auto is on track to achieve nearly 300% Y/Y delivery growth in the third-quarter, I believe the drop following the Q2 earnings card is totally undeserved.

Source: https://seekingalpha.com/article/4628063-li-auto-q2-earnings-buy-dip-situation?source=feed_all_articles

First, Li Auto has a strong pipeline of new cars with mass deliveries of Li MEGA commencing in Q1 2024.

Source: https://investorplace.com/2023/12/electric-avenue-3-ev-stocks-to-watch-for-max-growth-in-2024/

Furthermore, Li Auto plans to introduce its first fully battery-electric model in 2023, expanding its offerings and capturing broader market segments.

Source: https://investorplace.com/2023/06/3-electrifying-ev-stocks-to-buy-for-the-road-to-riches/

Li Auto aims to differentiate its products and attract the premium market segment.

Source: https://investorplace.com/2023/06/the-best-ev-stock-to-buy-right-now-li-auto-heres-why/

Li Auto is targeting EV buyers looking for cars that can transport families, who expect to pay above Tesla's current pricing, starting at about $44,000, a sales category it expects will represent 10 million vehicles in market-wide sales by 2025.

Source: https://gazette.com/news/us-world/in-china-tesla-could-win-electric-vehicle-price-battle-but-lose-the-war/article_754aa4a3-cf22-5136-b538-e95a2fc360d1.html

Li Auto may not be a household name, but it has been making waves in the competitive Chinese electric vehicle market.

Source: https://investorplace.com/2023/06/the-best-ev-stock-to-buy-right-now-li-auto-heres-why/

Like Li Auto, XPeng is experiencing rapid growth.

Source: https://investorplace.com/2023/11/the-future-of-electric-vehicles-3-stocks-to-buy-now/

Psagot Value Holdings Ltd. Israel acquired a new stake in shares of Li Auto during the first quarter worth about $54,000.

Source: https://www.americanbankingnews.com/2023/11/19/acadian-asset-management-llc-acquires-shares-of-9062-li-auto-inc-nasdaqli.html

Sure, on the surface, Li Auto doesn’t seem to sport a discounted valuation.

Source: https://investorplace.com/market360/2023/06/why-li-auto-is-still-a-standout-among-chinese-ev-stocks/

Surprisingly, shares of Li Auto dropped after the company presented its second-quarter earnings card which creates a buying opportunity for investors that believe in the company's long term potential in the EV market.

Source: https://seekingalpha.com/article/4628063-li-auto-q2-earnings-buy-dip-situation?source=feed_all_articles

The cumulative deliveries of Li Auto vehicles reached 257,334 as of the end of December.

Source: https://www.marketscreener.com/quote/stock/LI-AUTO-INC-110325260/news/Li-Auto-Inc-December-2022-Delivery-Update-42643131/?utm_medium=RSS&utm_content=20221231

The South Korean automaker has already sold one of its five factories in China to Li Auto in 2021.

Source: https://www.benzinga.com/news/23/10/35210892/arcfox-reportedly-taps-hyundai-for-production-of-tesla-like-electric-car-in-china

XPeng, which delivered negative delivery growth for July even has a higher valuation than Li Auto.

Source: https://seekingalpha.com/article/4628063-li-auto-q2-earnings-buy-dip-situation?source=feed_all_articles