Li Auto Inc LI shares are trading higher by 3.4% to $34.95 Wednesday afternoon after the company announced October deliveries of 40,422, up 302.1% from last year.
What Else?
The 40,422 deliveries in October 2023 represents a remarkable 302.1% YoY increase. The cumulative Li Auto vehicle deliveries in 2023 reached 284,647 by the end of October.
Li Auto says the company has maintained its lead as the best-selling premium brand among SUVs in China, with their Li L series dominating their respective market segments.
Additionally, they are generating excitement for their upcoming Li MEGA 5C BEV model, targeting multi-generational households.
See Also: Why Sunrun (RUN) Stock Is Moving
According to data from Benzinga Pro, Li Auto has a 52-week high of $47.33 and a 52-week low of $15.37.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
