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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 -3.37% /zigman2/quotes/228568106/delayed HK:2015 +0.55% 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 +0.61% has lost 13.5% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.38% has dropped 20.4%.

/zigman2/quotes/219811686/composite
US : U.S.: Nasdaq
$ 36.95
-1.29 -3.37%
Volume: 7.72M
Nov. 30, 2023 4:00p
P/E Ratio
43.92
Dividend Yield
N/A
Market Cap
$38.80 billion
Rev. per Employee
$726,594
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/zigman2/quotes/228568106/delayed
HK : Hong Kong
$ 146.60
+0.80 +0.55%
Volume: 26.74M
Dec. 1, 2023 4:08p
P/E Ratio
44.50
Dividend Yield
N/A
Market Cap
$302.84 billion
Rev. per Employee
$5.69M
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/zigman2/quotes/206267952/composite
US : U.S.: Nasdaq
$ 42.68
+0.26 +0.61%
Volume: 3.83M
Nov. 30, 2023 4:15p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,567.80
+17.22 +0.38%
Volume: 0.00
Nov. 30, 2023 5:04p
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