Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Li Auto Shares Popped Today

TheMotleyFool

0 0

Why Li Auto Shares Popped Today: https://g.foolcdn.com/editorial/images/731884/liautoone.jpg

If there is slowing demand for electric vehicles (EVs) in China, Li Auto (NASDAQ: LI) isn't seeing it. Li released its first-quarter update today, and the stock is surging. As of 11:38 a.m. ET, Li's American depositary receipts were higher by 13.5% on the day.

Li reported positive income from operations versus a loss in last year's first quarter. It also said net income grew sequentially from the fourth quarter of 2022. Net income was the equivalent of about $136 million. But that wasn't the only reason investors are pouring into the stock today.

Source Fool.com

Like: 0

Share