Investing.com-- Hong Kong-listed shares of Li Auto (NASDAQ:LI) Inc (HK:2015) soared on Tuesday following the unveiling of its first all-electric SUV, the Li i8.
The i8, part of Li Auto’s new i-series, complements the existing L-series and MEGA models, expanding the company’s electric vehicle lineup.
Li Auto shares jumped 12.5%, in Hong Kong, closing at HK$119.5, their highest level since early October 2024. The stock was just shy of hitting a ten-month high.
The US-listed shares of the carmaker surged 14% in premarket trading Tuesday to $30.15 as of 11:53 GMT.
The positive market response underscores investor confidence in Li Auto’s strategic shift towards pure electric vehicles, positioning the company to capitalize on the growing demand for premium electric SUVs in China.
The Li i8 is expected to enter production in the second half of 2025, with deliveries commencing shortly thereafter.
Li Auto’s expansion into the all-electric segment aligns with China’s broader push towards new energy vehicles, as the government continues to implement policies favoring electric mobility.
Ayushman Ojha contributed to this report.