LI Auto Shares Surged 10% in Hong Kong.
Chinese electric-vehicle maker Li Auto reported better-than-expected first-quarter earnings amid Covid lockdowns and supply-chain problems.
Li (ticker: LI) reported adjusted earnings per share of 3 cents from about $1.5 billion in sales. Wall Street was looking for a loss of 7 cents a share from about $1.4 billion in sales.
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