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Sept. 1, 2021, 6:42 a.m. EDT

Li Auto's stock extends gains after August EV deliveries more than triples to a record

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By Tomi Kilgore

Shares of Li Auto Inc. /zigman2/quotes/219811686/composite LI +0.78% gained 0.8% in premarket trading Wednesday, bucking the weakness in the China-based electric vehicle peers, after the company reported record August deliveries. The company said it delivered 9,433 Li ONE EVs in August, up 248.0% from a year ago and up 9.8% from July. the company has now delivered 48,176 Li ONEs year to date. The deliveries data comes a day after Li's stock surged 6.3% after the company reported a surprise second-quarter loss but revenue that exceeded expectations and provided an upbeat outlook. Meanwhile, shares of fellow China-based EV makers Nio Inc. /zigman2/quotes/204905836/composite NIO -2.73% dropped 4.2% in premarket trading and of XPeng Inc. /zigman2/quotes/219982686/composite XPEV -0.83% shed 2.1% after the companies reported August deliveries, but also reported some delivery issues. The declines come as futures /zigman2/quotes/209948968/delayed ES00 -0.16% for the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.11% tack on 0.3%.

/zigman2/quotes/219811686/composite
US : U.S.: Nasdaq
$ 32.29
+0.25 +0.78%
Volume: 10.55M
Oct. 22, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$32.85 billion
Rev. per Employee
$327,692
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/zigman2/quotes/204905836/composite
US : U.S.: NYSE
$ 38.88
-1.09 -2.73%
Volume: 28.02M
Oct. 22, 2021 4:02p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$63.71 billion
Rev. per Employee
N/A
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/zigman2/quotes/219982686/composite
US : U.S.: NYSE
$ 43.14
-0.36 -0.83%
Volume: 7.53M
Oct. 22, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$36.82 billion
Rev. per Employee
$166,548
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/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 4,529.25
-7.25 -0.16%
Volume: 1.27M
Oct. 22, 2021 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,544.90
-4.88 -0.11%
Volume: 1.82B
Oct. 22, 2021 5:04p
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