The investment thesis for Li Auto (NASDAQ:LI) stock is only partly about its cars. It’s also about China.
Li is at the tip of the spear when it comes to China’s export push. Plug-in hybrid cars with luxury features, at reasonable prices, and a range of 600 miles sound like a dream to U.S. car buyers.
But if nationalists on both sides have their way, that won’t matter. Secretary of State Antony Blinken made a bid to reset relations recently, but the U.S. economy continues to de-couple from China.
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