Li Auto's stock extends gains after August EV deliveries more than triples to a record

Dow Jones2021-09-01

MW Li Auto's stock extends gains after August EV deliveries more than triples to a record

Shares of Li Auto Inc. $(LI)$ gained 0.8% in premarket trading Wednesday, bucking the weakness in the China-based electric vehicle peers, after the company reported record August deliveries. The company said it delivered 9,433 Li ONE EVs in August, up 248.0% from a year ago and up 9.8% from July. the company has now delivered 48,176 Li ONEs year to date. The deliveries data comes a day after Li's stock surged 6.3% after the company reported a surprise second-quarter loss but revenue that exceeded expectations and provided an upbeat outlook. Meanwhile, shares of fellow China-based EV makers Nio Inc. $(NIO)$ dropped 4.2% in premarket trading and of XPeng Inc. $(XPEV)$ shed 2.1% after the companies reported August deliveries, but also reported some delivery issues. The declines come as futures for the S&P 500 tack on 0.3%.

-Tomi Kilgore

$(END)$ Dow Jones Newswires

September 01, 2021 06:42 ET (10:42 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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Comments

Alkid
2021-09-02
Alkid
Believe in Li and the rest of EVs
LHJarsenal
2021-09-01
LHJarsenal
Pls like.
- Alkid:
  Done

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The company said it delivered 9,433 Li ONE EVs in August, up 248.0% from a year ago and up 9.8% from July. the company has now delivered 48,176 Li ONEs year to date. The deliveries data comes a day after Li's stock surged 6.3% after the company reported a surprise second-quarter loss but revenue that exceeded expectations and provided an upbeat outlook. Meanwhile, shares of fellow China-based EV makers Nio Inc. <a href=\"https://laohu8.com/S/NIO\">$(NIO)$</a> dropped 4.2% in premarket trading and of XPeng Inc. <a href=\"https://laohu8.com/S/XPEV\">$(XPEV)$</a> shed 2.1% after the companies reported August deliveries, but also reported some delivery issues. 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