Why Li Auto Stock Zoomed Nearly 12% Higher Today
LI AUTO(LI) The Motley Fool·2024-10-02 04:33
Chinese consumers just can't wait to get behind the wheel of a next-generation vehicle.It's not every day that an electric vehicle (EV) maker reports a record number of quarterly deliveries. On Tuesday, that happened with not one, not two, but three Chinese EV manufacturers.Of the trio, investors seemed most impressed with Li Auto (LI 11.50%) achieving that feat. Those folks pushed the company's U.S.-listed stock up by 12% in value across the day. This performance contrasted sharply with the nearly 1% slump ...