Companies in The News Are: TFC,AZZ,LI,ZION

BEIJING, China, April 23, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that it will hold an annual general meeting of the Company’s shareholders (the “AGM”) at 10:00 a.m. Beijing time on May 31, 2024 at 9/F, Office Tower C1, Oriental Plaza, 1 East Changan Avenue, Dongcheng District, Beijing, China for the purposes of considering and, if thought fit, passing with or without amendments ea

**↘️** **Informatica (INFA)**: The software provider's shares slid around 7% after the Journal reported that Salesforce (CRM) has backed away from its attempt to buy the company. **↘️** **Verizon Communications (VZ)**: Shares of the wireless carrier fell more than 3% after its quarterly adjusted earnings topped expectations, but its revenue disappointed.

There's more than one reason why investors are keeping their distance from this EV stock today.

Things are spicing up in Tesla's (TSLA) latest EV pricing bout with Chinese competitors in China's auto market, this time with Li Auto (LI) as both companies slash prices on electric vehicle models. Yahoo Finance's Akiko Fujita explains the multi-year timeline of EV price cuts from Chinese auto manufacturers — some noted to be more affordable on average than US counterparts — as China accelerates faster into electrification trends. For more expert insight and the latest market action, click here...

The price cuts came as sales of electric and hybrid vehicles in China surpassed those of traditional cars for the first time.

Equity markets (^DJI, ^IXIC, ^GSPC) are all moving higher Monday morning as several Big Tech companies are set to report earnings later this week. Yahoo Finance Co-Hosts Seana Smith and Madison Mills preview the Magnificent Seven tech stocks on deck to post first-quarter earnings results, while also eyeing the latest EV price war playing out in China between Tesla (TSLA) and Li Auto (Li). For more expert insight and the latest market action, click here to watch this full episode. This post was w...

Chinese automaker Li Auto on Monday cut prices by around 5% on four of its five models and said it would refund owners who had bought those models earlier this year, deepening a price war in the country. The move by Li Auto, the most popular extended-range hybrid seller in China, comes after price cuts by U.S. automaker Tesla and as BYD, the world's largest EV maker, revised down its prices for relaunched models. Li Auto announced cuts of between 18,000 and 30,000 yuan ($2,485-$4,142) on its L...

BEIJING, China, April 18, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today launched Li L6, a five-seat premium family SUV. Li L6 will offer Pro and Max trims at retail prices of RMB249,800 and RMB279,800, respectively, and will commence deliveries in April 2024. Below is an overview of Li L6. For more details about Li L6, please visit Li Auto’s official website. Li L6 is a premium large SUV that offe

The EV sector remains promising, despite clear headwinds that have formed. Higher interest rates have pressured demand for higher-priced electric vehicles (EVs). And with more competition coming onto the market, we see better prices and more options for EV buyers to choose. And this is great for car buyers, but not so much for the EV stocks most investors care most about. We’ve seen Tesla (NASDAQ:TSLA) become the worst-performing stock in the S&P 500 for periods of time due to these headwinds. T