Li Auto-W (02015) saw its shares soar 5.86% during intraday trading on Thursday, marking a significant upward movement for the Chinese electric vehicle maker.
The stock's surge followed the company's announcement of its June delivery figures, which showed 30,895 vehicles delivered, bringing its second-quarter total to 98,330 units. This performance landed at the upper end of the company's guidance range, providing reassurance to investors about its operational execution.
Additionally, market confidence was bolstered by recent product developments, including the official launch of the new five-seat flagship SUV Li L8 on June 23, equipped with the company's self-developed Mach M100 chip and 5C super-charging battery. The confirmation of a July launch for the new-generation Li L6 further strengthened expectations for future sales momentum.