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Jeanny Yu
Shares of Chinese electric-vehicle maker Li Auto Inc. have more than doubled from last year’s low and are tipped for further gains even as a slowing economy and price war hamper its rivals.
The Beijing-based automaker unexpectedly reported profits for the past two quarters by churning out a regular lineup of new models and keeping costs contained. Analysts remain bullish: Citigroup Inc. predicts the firm’s shares will climb another 88% by year-end, while Morgan Stanley raised its target price by more than 40% this month.
