LI Stock Increases Over 3% Pre-Market: Why It Happened

By Amit Chowdhry ● Aug 2, 2021
  • The stock price of Li Auto Inc. (Nasdaq: LI) increased by over 3% pre-market. This is why it happened.

The stock price of Li Auto Inc. (Nasdaq: LI) – an innovator in China’s new energy vehicle market – increased by over 3% pre-market. Investors are responding positively to the company announcing recently that it delivered 8,589 Li ONEs in July 2021, crossing the 8,000-vehicle milestone for the first time while hitting a new record.

The deliveries increased 11.4% month over month and 251.3% year over year. And as of July 31, 2021, the total deliveries in 2021 reached 38,743, bringing cumulative deliveries of Li ONE to 72,340 since its market debut.

Li Auto is accelerating the expansion of its direct sales and servicing network. And as of July 31, 2021, the company had 109 retail stores in 67 cities as well as 176 servicing centers and Li Auto-authorized body and paint shops operating in 134 cities.

KEY QUOTE:

“Driven by outstanding product features and performance, the 2021 Li ONE set an all-time high in monthly deliveries once again. By the end of this year, we will launch a series of major OTA upgrades to elevate our product offering to new heights.” 

— Yanan Shen, co-founder and president of Li Auto