Li Auto Inc LI shares are trading higher by 2.3% to $35.81 Thursday morning. The stock is trading higher on upward momentum after the company on Wednesday announced October deliveries of 40,422, up 302.1% from last year.
What Happened?
In October 2023, Li Auto recorded an impressive 302.1% year-over-year increase with 40,422 vehicle deliveries. As of the end of October, their total deliveries for 2023 reached 284,647.
Li Auto says the company remains the top-selling premium SUV brand in China, especially with their Li L series dominating their market segments. The company is also generating anticipation for their upcoming Li MEGA 5C BEV model, which is aimed at multi-generational households.
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According to data from Benzinga Pro, Li Auto has a 52-week high of $47.33 and a 52-week low of $15.37.
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