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Li Auto Defies COVID-19 Disruptions With Record November Deliveries – Li Auto (NASDAQ:LI) – Stocks to Watch
  • Sat. May 18th, 2024

Li Auto Defies COVID-19 Disruptions With Record November Deliveries – Li Auto (NASDAQ:LI)

ByShanthi Rexaline

Dec 1, 2022
Li Auto Defies COVID-19 Disruptions With Record November Deliveries - Li Auto (NASDAQ:LI)

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Li Auto, Inc. LI reported Thursday record monthly deliveries, aided by strong reception for its Li L9 SUV.

The Beijing-based electric vehicle maker reported November deliveries of 15,034 units, up 11.5% year-over-year and 50% higher than the previous month.

The company noted that the November performance marked a monthly record. The strong numbers come despite the ongoing COVID-19 disruptions in China.

See Also: Best EV Penny Stocks Right Now

“In particular, Li L9 has been the sales champion of full-size SUVs in China for two consecutive months since it commenced delivery, establishing it as a top choice for six-seat full-size family SUVs in China, “ the company said.

The third vehicle model from the company’s stable – the Li L8, which commenced deliveries in early November, also outperformed the company’s expectations.

Li Auto closed Wednesday’s session 18.73% higher at $22, according to Benzinga Pro data.

Photo: Courtesy of Li Auto

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Image and article originally from www.benzinga.com. Read the original article here.

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