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ideal one

phoenix.com technology news, september 26, beijing time, according to bloomberg, investors are worried that the limited number of new models launched by ideal auto this year may cause it to lose market share, making the company a target of short sellers. li xiang, ceo of ideal auto, responded to market concerns in the latest earnings conference call.

data from s&p global shows that as of september 23 this year, short interest in li auto's u.s.-listed depositary receipts has jumped to about 30% of the outstanding shares, far higher than 11% before the company held its earnings call in late august.short interest refers to the percentage of outstanding shares that are shorted.

one big concern for investors is whether li auto will be able to fend off competition from rivals in china’s fiercely competitive electric vehicle industry as it delays the launch of some new models until 2025. byd plans to launch five more new models by the end of this year. xpeng motors is also set to launch a new electric sedan following the launch of its mona hatchback in august.in contrast, li auto has delayed the launch of its second all-electric car, and analysts say its aging l-series cars may struggle in the face of new models from other companies.

in response to market concerns in the latest earnings call, li xiang, ceo of ideal auto, said the company is confident in the competitiveness of its electric suv and expects total vehicle deliveries in the third quarter to be between 145,000 and 155,000.

at the same time, a large number of wall street banks are recommending li auto's shares to their clients. analysts from hsbc holdings, morgan stanley and jefferies financial group have given li auto a "buy" or "overweight" rating. (author/xiao yu)

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