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Li Auto stock surges toward a 5-month high after big revenue beat, deliveries nearly tripled

·1 min read
Li Auto stock surges toward a 5-month high after big revenue beat, deliveries nearly tripled
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  • LI
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Shares of Li Auto Inc. shot up 7.8% toward a five-month high in premarket trading Monday, after the China-based electric vehicle maker reported third-quarter revenue that rose well above expectations as deliveries nearly tripled, as "strong order intake and users' rising acceptance of smart electric vehicles" helped offset headwinds from chip supply shortages. The net loss narrowed to RMB21.5 million ($3.3 million), or RMB0.02 per American depositary share, from a loss of RMB320.7 million, or RM