Li Auto stock rallies after June EV deliveries rise nearly 70%

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The U.S.-listed shares of Li Auto Inc. LI, -1.59% rose 1.5% in premarket trading Friday, after the China-based electric vehicle maker reported a more than 63% jump in second-quarter deliveries. The company said it delivered 13,024 Li ONEs in June, up 68.9% from a year ago, after delivering 11,496 Li ONEs in May. The company had unveiled its Li L9 six-seat smart utility vehicle on June 21. That lifted second-quarter deliveries to 28,687, a 63.2% increase from a year ago. Li Auto’s stock has rallied 19.4% year to date through Thursday, while the iShares MSCI China ETF MCHI, +0.04% has lost 11.1% and the S&P 500 SPX, +1.06% has dropped 20.6%.

This article was originally published by Marketwatch.com. Read the original article here.

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