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June 24, 2022, 8:12 a.m. EDT

Li Auto stock jumps after taking in more than 30,000 orders in 3 days for its new SUV in

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By Tomi Kilgore

The U.S.-listed shares of Li Auto Inc. /zigman2/quotes/219811686/composite LI -6.14% /zigman2/quotes/228568106/delayed HK:2015 -4.55% ran up 4.5% in premarket trading Friday, after the China-based electric vehicle maker said it received more than 30,000 orders for its Li L9 sport-utility vehicle in just 72 hours since reservations became available. The company has taken in more than $22.4 million with the orders, as each order required a RMB5,000 ($746.56) deposit, which is refundable for a limited time. Deliveries of the Li L9, which is a full-size, six-seat SUV, are expected to start by the end of August 2022. Li's stock has run up 22.2% year to date through Thursday, while the iShares MSCI China ETF /zigman2/quotes/206267952/composite MCHI -2.46% has lost 13.5% and the S&P 500 /zigman2/quotes/210599714/realtime SPX -2.11% has dropped 20.4%.

/zigman2/quotes/219811686/composite
US : U.S.: Nasdaq
$ 23.37
-1.53 -6.14%
Volume: 7.73M
Sept. 29, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$23.67 billion
Rev. per Employee
$478,092
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/zigman2/quotes/228568106/delayed
HK : Hong Kong
$ 90.15
-4.30 -4.55%
Volume: 2.48M
Sept. 30, 2022 11:23a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$185.78 billion
Rev. per Employee
$3.73M
loading...
/zigman2/quotes/206267952/composite
US : U.S.: Nasdaq
$ 42.88
-1.08 -2.46%
Volume: 13.59M
Sept. 29, 2022 4:15p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,640.47
-78.57 -2.11%
Volume: 2.22B
Sept. 29, 2022 5:15p
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