Latest news with #NEV
Yahoo
7 hours ago
- Automotive
- Yahoo
Li Auto (NasdaqGS:LI) Reports Over 1.33 Million Deliveries Year-To-Date
Li Auto recently announced significant delivery figures, reporting the delivery of 36,279 vehicles in June 2025 and reaching 1,337,810 cumulative deliveries for the year. Despite the company's robust sales performance, its share price increased by 5% over the last quarter, closely aligning with broader market trends, which saw a 14% increase over the past year. The downward revision of delivery outlook due to a sales system upgrade likely subdued additional gains, while broader economic concerns, including trade talks and labor market data nationwide, added weight to Li Auto's modest price appreciation. We've identified 1 possible red flag for Li Auto that you should be aware of. AI is about to change healthcare. These 25 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. The recent delivery update from Li Auto, coupled with a modest 5% share price increase over the last quarter, reflects mixed market sentiment, partly due to the revised delivery outlook necessitated by a sales system upgrade. Despite these challenges, Li Auto continues to bolster its position in the New Energy Vehicle (NEV) market through investments in autonomous driving and battery electric vehicles. Over the past year, Li Auto's total return, including dividends, reached 37.94%, indicating a stronger performance compared to the 13.9% return of the broader US market during the same period. This highlights the company's growth potential and resilience despite sectoral and broader economic pressures. Looking forward, the company's focus on expanding its product offerings and supercharging networks may enhance its revenue trajectories and customer acquisition efforts. However, the competitive pressures and increased AI-related investments pose a potential risk to margins and cash flow. The consensus analyst price target for Li Auto stands at US$33.69, a 24.9% potential upside from the current share price of US$25.68, indicating room for market optimism regarding future earnings, which are forecasted to grow by 23.72% annually. Investors should carefully weigh these forecasts against the potential impact of intensified market competition and investment-related strains on profitability. Assess Li Auto's previous results with our detailed historical performance reports. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:LI. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Recorder
19 hours ago
- Automotive
- Business Recorder
NEV levy: all vehicle categories' prices surge in Pakistan
KARACHI: The New Energy Vehicle (NEV) levy on all internal combustion engine motor vehicles and motorcycles has come into effect from July 1, 2025, increasing prices significantly. According to the details, the NEV levy covers all vehicle categories from basic motorcycles to luxury SUVs. Atlas Honda has released new prices after NEV implementation. The CD70 now costs Rs 159,900 compared to its previous price, with the NEV levy adding Rs 1,500. Higher-end models like the CB150F face levies of up to Rs 4,720. All major car manufacturers have also adjusted their pricing, which are going to be revealed in a day or two. FBR imposes new levy on locally-made, imported vehicles The policy exempts new energy vehicles (electric and hybrid cars), vehicles manufactured exclusively for export, diplomatic mission vehicles, and those belonging to international organizations with diplomatic privileges. 'This levy is designed to encourage the adoption of cleaner transportation alternatives while generating revenue for the federal government,' said a senior government official, speaking on condition of anonymity. However, consumers are now expected to face difficult choices between conventional vehicles and exploring electric and hybrid alternatives, he added. Copyright Business Recorder, 2025
Business Recorder
19 hours ago
- Automotive
- Business Recorder
Lucky Motor hikes KIA car prices by up to Rs700,000 amid NEV levy imposition
Citing recent developments, including measures introduced in the federal budget, Lucky Motor Corporation (LMC) has announced a sharp increase in the ex-factory prices of its KIA-brand vehicles, effective July 1, 2025. The price hike goes as high as Rs700,000 across select models. 'Our focus has consistently been on offering the highest quality products at competitive prices. However, recent developments have had a significant impact on prices, including the imposition of the NEV [New Energy Vehicle] levy in the federal budget, continued depreciation of the Pakistani rupee, and rising international freight costs,' the company announced in a notification to dealers. 'Despite our best efforts to minimise and absorb the impact, a price adjustment is being implemented from 1st July,' it added. The NEV levy on all internal combustion engine motor vehicles and motorcycles, introduced in the Finance Act 2025, came into effect from July 1, 2025, increasing prices significantly. According to the details, the NEV levy covers all vehicle categories from basic motorcycles to luxury SUVs. However, the policy exempts new energy vehicles (electric and hybrid cars), vehicles manufactured exclusively for export, diplomatic mission vehicles, and those belonging to international organisations with diplomatic privileges. Among the key price changes, Lucky Motors increased the prices of its hatchback Picanto AT by Rs150,000. The automatic variant will sell for Rs4.09 million after the price hike. Meanwhile, the Stonic EX+ has seen a significant surge of Rs499,000, making its new price Rs5.99 million. The Stonic EX variant will now be available at Rs4.86 million after a hike of Rs95,000. The company jacked up prices of the Sportage and Sorento variants as well. The new price of Sportage Alpha is Rs8.89 million, while Sportage FWD is now available at Rs10.49 million. The Sportage HEV variant is now priced at Rs11.59 million, after a price increase of Rs600,000. The price of Sorento 3.5L V6 is Rs13.89 million, while the ex-factory rate of Sorento 3.5L V6-EMI is Rs14.39 million amid an increase of Rs400,000. Meanwhile, the Sorento HEV FWD and its EMI version will be available at Rs15.29 million and Rs15.79 million, respectively, following an increase of Rs600,000. The Sorento HEV AWD and its EMI version saw the steepest hike in the entire lineup, with a Rs700,000 jump — now priced at Rs16.69 million and Rs17.19 million, respectively. The Kia Carnival, a premium multi-purpose vehicle, is now priced at Rs18.2 million, reflecting a Rs700,000 jump. Interestingly, the prices of KIA's electric vehicles— EV5 Air, EV5 Earth, and the EV9 — remain unchanged. 'All customer orders invoiced on or after 1st July 2025 will be subject to the revised ex-factory price. 'Any new or additional duties, taxes, or charges, if imposed by the government, and/or currency fluctuations leading to price adjustment and applicable at the time of delivery, will be borne by the customer,' LMC said. The ex-factory prices are exclusive of freight and insurance charges.
Business Recorder
20 hours ago
- Automotive
- Business Recorder
Pakistan advances NEV policy with Rs100bn subsidy
ISLAMABAD: A high-level meeting on the National Electric Vehicle (NEV) Policy was held today under the chairmanship of the Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan. The meeting was attended by representatives from the Pakistan Banking Association and leading insurance companies. During the meeting, an in-depth discussion took place regarding the proposed Rs. 100 billion subsidy package aimed at promoting the use of electric vehicles in Pakistan. Haroon Akhtar Khan highlighted that Prime Minister Shehbaz Sharif's vision of this substantial subsidy reflects a commitment to the dual goals of public welfare and environmental protection. Pakistan launches National Electric Vehicle Policy 2025-30 The SAPM noted that the successful implementation of the NEV Policy can play a vital role in reducing smog and air pollution across the country. He emphasized that it will not only help improve air quality but also significantly reduce Pakistan's reliance on imported oil, ultimately decreasing the nation's multi-billion-dollar oil import bill. Haroon Akhtar Khan reaffirmed the government's commitment to a clean and prosperous Pakistan, stating, 'Our mission is a smog-free, pollution-free, and prosperous pakistan.' As part of the NEV Policy, he announced that electric vehicle charging stations will be set up nationwide to ensure convenience for the public and to encourage the transition towards clean and sustainable transportation.
Business Recorder
a day ago
- Automotive
- Business Recorder
Govt advances NEV policy with Rs100bn subsidy
ISLAMABAD: A high-level meeting on the National Electric Vehicle (NEV) Policy was held today under the chairmanship of the Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan. The meeting was attended by representatives from the Pakistan Banking Association and leading insurance companies. During the meeting, an in-depth discussion took place regarding the proposed Rs. 100 billion subsidy package aimed at promoting the use of electric vehicles in Pakistan. Haroon Akhtar Khan highlighted that Prime Minister Shehbaz Sharif's vision of this substantial subsidy reflects a commitment to the dual goals of public welfare and environmental protection. Pakistan launches National Electric Vehicle Policy 2025-30 The SAPM noted that the successful implementation of the NEV Policy can play a vital role in reducing smog and air pollution across the country. He emphasized that it will not only help improve air quality but also significantly reduce Pakistan's reliance on imported oil, ultimately decreasing the nation's multi-billion-dollar oil import bill. Haroon Akhtar Khan reaffirmed the government's commitment to a clean and prosperous Pakistan, stating, 'Our mission is a smog-free, pollution-free, and prosperous pakistan.' As part of the NEV Policy, he announced that electric vehicle charging stations will be set up nationwide to ensure convenience for the public and to encourage the transition towards clean and sustainable transportation.
