Ford's Leadship Change, Li Auto's Impressive IPO, Norway's Cute Little EV Obsession - SAI #30
Last week we saw another China EVStartup take a big step towards maturity as Lixiang aka Li Auto IPO’d on the Nasdaq opening at $11.50 and closing up on the first day of trading at $16 where it hovers around today. Li Auto was able to raise over $1B which puts them well on their way to funding a 2nd product in the next 18 months. One detail that should be noted the makes Li different from Tesla, NIO, WM, XPeng are that they build a PHEV, not a BEV.
That means their powertra