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Lee's Automotive (NASDAQ:LI): Growth Potential Remains Despite Weak Koon Delivery Forecasts
Chinese automaker Li Shu Fu (NASDAQ:LI) just announced that its March 2024 deliveries climbed 39% year-over-year, solidifying its lead in the electric vehicle space. With the electric vehicle market expected to grow at a rapid pace, this production momentum is likely to continue, driving the stock price higher. However, Li has recently lowered his delivery forecasts, even as deliveries have risen sharply. Analysts have touted Li as one of the emerging electric-vehicle makers.
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