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 story : Li Auto stock jumps after moving up launch of 6-seat SUV Li L8, priced just above ,500 #FinanceUSA #StockMarketNEWS Shares of Li Auto Inc. surged 6.2% in premarket trading Thursday, to bounce off

@stockMarketNEWS 13 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Li Auto stock jumps after moving up launch of 6-seat SUV Li L8, priced just above ,500 #FinanceUSA #StockMarketNEWS
Shares of Li Auto Inc. surged 6.2% in premarket trading Thursday, to bounce off the previous session's four-month closing low, after the China-based electric vehicle maker said it was moving up the launch of its Li L8 six-seat sport utility vehicle (SUV) to Sept. 30 due to strong demand. The company said it will unveil the Li L8 on Sept. 30, priced below RMB400,000 (about ,532) with deliveries to start in early November. "We decided to move our launch date for Li L8 forward based on overwhelming market response in anticipation of its release," said co-Founder and President Yanan Shen. Li Auto's stock has tumbled 37.2% over the past three months through Wednesday, while shares of rival NIO Inc. have dropped 18.9%, the iShares China Large-Cap ETF has shed 16.4% and the S&P 500 has ticked up 0.8%.


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