Despite political tensions with the United States, more and more small Chinese manufacturers are trying their luck on Wall Street.
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Olivier Wurlod
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“There are too many electric car makers competing for a limited number of customers” (Illustrative image).
KEYSTONE/LAURENT GILLIERON
Thursday July 30, 2020. The day promises to be tense for Li Auto. Totally unknown in Switzerland, this young Chinese automobile brand is about to enter the ruthless world of Wall Street. Despite the still strong political tensions between the United States and China, the manufacturer joined the Nasdaq in search of money to continue its development. With more than a billion dollars raised and a share that has almost doubled in value since its initial public offering (IPO), the operation is a total success.
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