Li Auto shares are trading higher after the company reportedly said cumulative orders for the L6 exceeded 41,000 between April 18 and May 5.
Portfolio Pulse from Benzinga Newsdesk
Li Auto shares are trading higher following the announcement that cumulative orders for the L6 model exceeded 41,000 between April 18 and May 5.
May 06, 2024 | 1:13 pm
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Li Auto's stock is experiencing an uptick due to the high demand for its L6 model, with orders surpassing 41,000 in a short period.
The significant number of orders for Li Auto's L6 model indicates strong market demand and consumer interest, which is a positive signal for investors. This high demand is likely to translate into increased revenues and potentially higher future earnings, positively impacting the stock price in the short term.
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