Li Auto plans to transition into an AI company and produce humanoid robots

From Nasdaq: 2024-12-27 08:18:00

Li Auto Inc., a Chinese EV company, plans to reposition itself as an AI company, aiming to produce humanoid robots. The company’s CEO, Li Xiang, sees AI as crucial for its future, with plans to introduce an AI assistant app powered by its foundational model, Mind GPT. Li Auto aims to achieve level-4 autonomous driving capabilities before venturing into robotics, putting it in competition with other Chinese tech firms.

In the auto space, Li Auto currently holds a Zacks Rank #3 (Hold), while Dorman Products, Inc. and Blue Bird Corporation boast a Zacks Rank #1 (Strong Buy). Analysts expect growth in sales and earnings for both companies, with EPS estimates showing improvements. Investors can access Zacks’ top 10 stock picks for 2025, curated by Director of Research Sheraz Mian, who has a track record of outperforming the S&P 500.

For those interested in Zacks Investment Research’s latest recommendations, free stock analysis reports are available for Tesla, Inc., Dorman Products, Inc., Blue Bird Corporation, and Li Auto Inc. Investors can also access the full article on Zacks.com for more insights on Li Auto’s shift towards AI and robotics.



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