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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 -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%.

/zigman2/quotes/219811686/composite
US : U.S.: Nasdaq
$ 31.81
-0.18 -0.56%
Volume: 6.93M
June 7, 2023 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$29.96 billion
Rev. per Employee
$407,804
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/zigman2/quotes/228568106/delayed
HK : Hong Kong
$ 125.00
-0.40 -0.32%
Volume: 15,800
June 8, 2023 9:20a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$234.98 billion
Rev. per Employee
$3.20M
loading...
/zigman2/quotes/206267952/composite
US : U.S.: Nasdaq
$ 45.02
-0.54 -1.19%
Volume: 3.26M
June 7, 2023 4:15p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,267.52
-16.33 -0.38%
Volume: 0.00
June 7, 2023 5:31p
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