Why Li Auto Shares Are Charging Higher Today

Li Auto Inc LI shares are trading higher Tuesday after the company provided a deliveries update for December. 

What Happened: Li Auto said it delivered 21,233 vehicles last month, representing an increase of 50.7% year-over-year. December deliveries brought fourth-quarter deliveries up to 46,319 total, representing an increase of 31.5% year-over-year. 

Total 2022 deliveries were up 47.2% year-over-year to 133,246. Cumulative deliveries reached 257,334 as of the end of December.

"We set another monthly record in December with 21,233 deliveries and became the fastest emerging new energy automaker in China to surpass the 20,000 monthly delivery mark," said Yanan Shen, co-founder of Li Auto.

"In 2023, we will continue to bring our users safer, more convenient, and more refined products and services."

Li Auto designs, develops, manufactures and sells premium smart electric vehicles in China. 

See Also: Li Auto, XPeng, Nio And Some Other Big Stocks Moving Higher

LI Price Action: Li Auto has a 52-week high of $41.49 and a 52-week low of $12.52.

Li Auto shares are up 6.37% at $21.69 at time of publication, according to Benzinga Pro.

Photo: Markus Distelrath from Pixabay.