Li Auto August Deliveries Skyrocket 664% On Strength In Li L Series Models
Portfolio Pulse from Nabaparna Bhattacharya
Li Auto Inc. reported a 663.8% Y/Y increase in vehicle deliveries in August 2023, with 34,914 vehicles delivered. The company's three Li L series models have been popular, helping it secure over 30% market share in China's NEV market for vehicles priced RMB300,000 and above. The company expects Q3 vehicle deliveries to increase by 277.0% - 288.3% Y/Y. Li Auto's shares are trading higher by 2.09% to $42.52 in premarket trading.
September 01, 2023 | 12:14 pm
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Li Auto's strong August deliveries and positive Q3 outlook could boost investor confidence, potentially driving the stock price up in the short term.
The news of Li Auto's strong August deliveries and positive Q3 outlook is directly related to the company's performance and future prospects. This could increase investor confidence in the company, potentially driving up demand for the stock and causing the price to rise in the short term.
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