Why Li Auto Shares Are Trading Higher During Wednesday's Session

Li Auto Inc LI shares are trading higher by 4.28% to $25.96 Wednesday morning after the company announced it delivered 15,141 vehicles in January 2023, up 23.4% year over year.

What Else?

Li Auto says the cumulative deliveries of Li Auto vehicles reached 272,475 as of the end of January.

As of January 31, 2023, the company highlighted it had 296 retail stores in 123 cities, as well as 320 servicing centers and Li Auto-authorized body and paint shops operating in 222 cities.

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"We ranked first in both China's full-size and large SUV markets for the full year of 2022, thanks to the outstanding sales performance of all three models we have brought to the market: Li L9, Li L8, and Li ONE. Fulfilling family users' needs in the RMB300,000 to RMB500,000 price segment, our vehicles have emerged among the top choices of premium SUVs for families. Li L9 has dominated China's monthly full-size SUV sales since last September, and Li L8 has defended the title of sales champion among large SUVs in China following Li ONE's phenomenal performance, securing it in December 2022," commented Xiang Li, founder, chairman, and chief executive officer of Li Auto.

According to data from Benzinga Pro, Li Auto has a 52-week high of $41.49 and a 52-week low of $12.52.