Why Li Auto Stock Jumped Monday
LI AUTO(LI) The Motley Fool·2024-05-06 23:46
Demand for electric vehicles in China is still strong for some model types.By all accounts, there's a surplus of electric-vehicle (EV) production in China. This lack of demand could partly be caused by China's sputtering economy. But one new vehicle from Li Auto (LI 4.12%) is showing there's still strong demand for the right EV products.Reports of strong orders for the company's latest vehicle, launched just last month, has Li Auto shares surging Monday morning. Shares jumped as much as 7% and were still tr ...