News Snapshot:
IPO stock leader Li Auto ( LI ) continues to consolidate after huge gains in recent months and could be forming a new base. Li Auto was on the IBD IPO Leaders list this past week. X China-based Li Auto makes the Li One and L9 premium electric SUVs. Both models employ "range extenders," or gas engines used to recharge EV batteries while driving. The company's Q2 EV sales rose 63% year over year, continuing a hot growth streak, but fell quarter over quarter due to the chip shortage and supply disruptions. In the most recent quarter, Li Auto earned...
