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

3 weeks ago 12
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Shares of Li Auto Inc. LI, -9.09% gained 0.8% successful premarket trading Wednesday, bucking the weakness successful the China-based electrical conveyance peers, aft the institution reported grounds August deliveries. The institution said it delivered 9,433 Li ONE EVs successful August, up 248.0% from a twelvemonth agone and up 9.8% from July. the institution has present delivered 48,176 Li ONEs twelvemonth to date. The deliveries information comes a time aft Li's banal surged 6.3% aft the institution reported a astonishment second-quarter nonaccomplishment but gross that exceeded expectations and provided an upbeat outlook. Meanwhile, shares of chap China-based EV makers Nio Inc. NIO, +3.99% dropped 4.2% successful premarket trading and of XPeng Inc. XPEV, +4.29% shed 2.1% aft the companies reported August deliveries, but besides reported immoderate transportation issues. The declines travel arsenic futures ES00, +0.35% for the S&P 500 SPX, -0.13% tack connected 0.3%.

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