The U.S.-listed shares of Li Auto Inc. /zigman2/quotes/219811686/composite LI -0.56% /zigman2/quotes/228568106/delayed HK:2015 -0.32% 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 -1.19% has lost 13.5% and the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.38% has dropped 20.4%.
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