Li Auto stock rallies after June EV deliveries rise nearly 70%

Dow Jones2022-07-01

MW Li Auto stock rallies after June EV deliveries rise nearly 70%

The U.S.-listed shares of Li Auto Inc. $(LI)$ rose 1.5% in premarket trading Friday, after the China-based electric vehicle maker reported a more than 63% jump in second-quarter deliveries. The company said it delivered 13,024 Li ONEs in June, up 68.9% from a year ago, after delivering 11,496 Li ONEs in May. The company had unveiled its Li L9 six-seat smart utility vehicle on June 21. That lifted second-quarter deliveries to 28,687, a 63.2% increase from a year ago. Li Auto's stock has rallied 19.4% year to date through Thursday, while the iShares MSCI China Pacer Swan SOS Fund of Funds ETF|ETF $(MCHI)$ has lost 11.1% and the S&P 500 has dropped 20.6%.

-Tomi Kilgore

$(END)$ Dow Jones Newswires

July 01, 2022 06:05 ET (10:05 GMT)

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That lifted second-quarter deliveries to 28,687, a 63.2% increase from a year ago. Li Auto's stock has rallied 19.4% year to date through Thursday, while the <a href=\"https://laohu8.com/S/EEME\">iShares</a> MSCI China <a href=\"https://laohu8.com/S/PSFF\">Pacer Swan SOS Fund of Funds ETF|ETF</a> <a href=\"https://laohu8.com/S/MCHI\">$(MCHI)$</a> has lost 11.1% and the S&amp;P 500  has dropped 20.6%. \n</p>\n<p>\n  -Tomi Kilgore \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  July 01, 2022 06:05 ET (10:05 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Li Auto stock rallies after June EV deliveries rise nearly 70%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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