Li Auto Surges 4% on a $1 Billion Buyback: Is LI or NIO the Better Chinese EV Bet?

Li Auto announced a $1.0 billion share repurchase program and its stock jumped about 4% in early trading. The move has split investors between those who view the buyback as accretive capital return and supporters of the company’s outlook, and those who see it as a sign of limited better deployment of capital.

Analysis

Li Auto announced a $1.0 billion share repurchase program and its stock jumped about 4% in early trading. The move has split investors between those who view the buyback as accretive capital return and supporters of the company’s outlook, and those who see it as a sign of limited better deployment of capital.