Li Auto Stock Jumps as Chinese EV Maker Posts Pictures of First All-Electric SUV | Global News Avenue

Li Auto’s US listed shares (plumThe previous market transaction will rise 13% in Tuesday’s previous market transactions after Chinese electric vehicle (EV) maker released photos of its first all-electric SUV model.

According to two photos of two new LI i8 models from Chinese social media platforms, the gains come after. CNEVPOSTa website focused on China’s electric vehicle news.

according to cnevpost, Li Auto Auto CEO Li Xiang said on Weibo on Chinese social media platform that the company plans to announce the Li i8 on Thursday, but due to Xiaomi’s plan to release its SU7 Ultra Ultra EV as well as a new Ultra smartphone, but in two The release was pushed for two days in one day. The next date.

The world’s largest battery-powered car market, Chinese electric car manufacturers have fierce competitiveness, and domestic players enjoy the benefits Reduce production costs. Battery electric vehicles (BEVs) account for 27% of the market share of cars sold in China last year, compared with 13% in Europe and 8% in the U.S., according to Boston Consulting Group data. Li Auto competes with local company Nio in China (Neo), Bidd and Xpeng (XP), and Elon Musk’s Tesla (TSLA).

Li Zinn’t responded Investopedia Request a comment. Its stock has fallen nearly 25% over the past 12 months to enter Tuesday’s meeting.