Chinese luxury electric vehicle maker Li Auto stock reported a strong set of delivery numbers for September, driven by demand for its vehicles which include gasoline generators to extend the EVs driving range. Overall deliveries stood at a record 36,000 units for the month, marking an increase of 213% year-over-year and a 3% rise over the previous month. These numbers are also well ahead of rivals such as Nio and Xpeng. Nio delivered 15,641 vehicles for the month, an increase of 43% year-over-year, while XPeng saw deliveries grow by 81% year-over-year for the month to 15,310 units. While Li Auto offered only one vehicle model until 2022, it has since launched three vehicles including the Li L9, a luxury full-size crossover SUV, the Li L8, a luxury mid-size crossover, and the L7. These new vehicles are helping Li cater to a larger customer base, with each of its Li L7, Li L8, and Li L9 models surpassing 10,000 unit sales in September.
Interestingly, Li has had a Sharpe Ratio of 0.5 since early 2017, lower than 0.6 for the S&P 500 Index over the same period. This also falls short of the Sharpe of 1.3 for the Trefis Reinforced Value portfolio. Sharpe is a measure of return per unit of risk, and high-performance portfolios can provide the best of both worlds.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.