 Let's go What's up, my name is V here welcome to another video guys so into this video We are going to talk about tickets symbol li auto the reason we're talking about its stock today is because city group has actually upgraded Li so this is excellent news. Just for transparency I currently own li auto in my portfolio and I did a video about them when they went public a While back if you didn't watch that video I'm gonna hook it up here at that point a thing they came out about $16 and now they're trading at about $35 so again, I do have them in my portfolio So that's what we're gonna talk about today But before we get started guys if you're new to the channel We took about how to earn money how to save money how to invest and build worth So if that's something that interests you go ahead and hit that subscribe button any notification belt So you don't miss out on new content. So we've seen companies like, you know, Neo being upgraded by JP Morgan and and Morgan Stanley to no price tag at about $45 and some change and then need just watching Nio's skyrocket all the way to like $54 And so now see the group is actually joining the party and they're going after Li auto so Li auto so again, they've upgraded the particular stock So let's gonna take a look here at the news for most of you guys that don't already Know about Li auto Li auto is a Chinese base SUV Electric car manufacturer. So again competitions will be Nio and Expec and other stuff. So this isn't a one that I when I saw the vehicles before the IPO I looked at, you know, read some reviews and looked at the pictures of the vehicles and like this looks really Advertising to me. I would drive that car. So that's why I invested it and bought the stock when it was $16 So if you haven't go check out the vehicles to read about the company and just see if it's the right fit for you But again, this is the news here that I wanted to cover with you guys the fact that City group is actually upgraded Li auto to a buy announcing a $45.6 price target. So again, I'll just run it up to say $46 price target So this is excellent news because So when I was doing this video Li auto is currently sitting at $36 So we're talking about a $10 spread from the target that city group is actually given So even right now, which means that if you were to get into the stock and if they meet that price target of $46 that again, that's a $10 spread. So Definitely go check out Li auto read a little bit about them before you make any move Don't just look at this video or see the fact that they've been upgraded and jump into it again to me I bought it. I bought it when the IPO was going live on the NASDAQ So, I mean, I already read about it and knew about the company before then So again, this is not just something that I am reading that City group is upgrading and I'm buying to me. This is just good news I'm thinking like hey, I'm gonna hold on to what I have and See where it goes from there. You've seen again You've seen companies like Neo get upgraded and all the way to $54 and then Shutsellers come in Like Citron and beat them down so that they can make some money as well So it just be smart about it again that price target is pretty good at $46 I'm anticipating that it might even go past that if they continue to go the way They're going right now. So I'm super excited about the upgrade. Neo is You know putting its foot forward and trying to establish itself as the Tesla of China and and so we'll see where how that goes from there But I mean they still have tough competition. So again, this is not Just the fact that it's been upgraded doesn't mean that the stock is going to go as this guy's upgraded it to them This is what they think. This is the price target. Haven't done the research So you have to do your own research and decide if this is a proper investment for you And again guys, if you don't have a reason why you're investing in a company You don't understand the business model of that company personally You have no reason investing in that stock because if you just think oh, I'm just gonna jump in there Buy and then if it goes to that price second of $46 then I sell that is the wrong way for you to invest Look at the problem that that particular company is actually solving and then you see if that's something that meets Your criteria before you can go in just avoid just jumping into companies just because you see people investing in it So always always do your homework again City group upgrade lead auto to a buy and also in the price target of about $46. So to me that's excellent news Transparency I do on the stock. So this is not gonna be so so like a pump and dump from my end I don't own that much of it. Yeah, I don't even think what I own can make a dent if I sold it today In the market. So let me know the comment section. What do you think about this upgrade? Is this a buy for you or is this a whole or you currently on the stock? Is it a sell? Let me know again in the comment section and we've seen that in the past week or so this particular Chinese companies that their Chinese electric vehicle companies have been doing really great specifically near auto Lee auto and then Expect have been doing really really great. So again, it's like that continue trends moving forward It are they gonna hold are they gonna keep going forward? I have no idea. We're just gonna see how The market responds in case we have COVID vaccines coming out So that might impact the way these companies go about doing business Maybe opening up, you know shop Continuously and so because I take an example would be Neil the fact that last month They were able to push out 5,000 Vehicles in their production line even with COVID they were ready to do 5,000 vehicles And I'm thinking without COVID how many vehicles can you do and also with the fact that you can expand your market outside? China and just all about around Asia and you talk about third world countries like, you know, the African market It's not a sad America the I mean China has done a really good job and Not focusing so much about, you know with the US the US market. They're good. The job They've done is they've actually gone out and established relationships with developing countries And we know around Asia around Africa and so and with the middle class in this part of the world growing and really expanding They are really poised to exploit that middle class with their products, you know from you know cars to Electronics and all the good stuff. So I'm super excited about this again. This is just my personal take I want to hear what you guys think about this. Let me know in the comment section If you're new to the China again, we'll talk about how to spend money how to save money how to invest and build wealth So if that's something that interests you, don't forget to hit that subscribe button and a notification bell And also if you're looking to get started with investing right now We both is going to do a promotion where if you actually sign up and deposit a hundred dollars You get two free stocks to get you started I put the links in the description below It does help the channel, you know, just give me some support to kind of continue to make Content for you guys and as always guys, don't be a greedy savage and stay motivated