Li Auto stock up 23.4% on strong sales growth

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Li Auto stock up 23.4% on strong sales growth

After the company announced it delivered 15,141 vehicles in January 2023, the LI shares of Li Auto Inc are trading higher by 4.28% to $25.96, up 23.4% year over year.

As of the end of January, the cumulative deliveries of Li Auto vehicles reached 272,475.

As of January 31, 2023, the company noted it had 296 retail stores in 123 cities, as well as 320 service centers and Li Auto-authorized body and paint shops in 222 cities.

What's going on with Meta Platforms Stock Today?

We placed first in both China's full-size and large SUV markets for the full year of 2022 thanks to the outstanding sales performance of all three models we have brought to the market: Li L 9, Li L 8, and Li ONE. Our vehicles have emerged among the top choices of premium SUVs for families, based on the needs of family members in the RMB 300,000 to RMB 500,000 price segment. Xiang Li, founder, chairman, and chief executive officer of Li Auto, said that Li L 9 has dominated China's monthly full-size SUV sales since September. Li L 8 has defended the title of sales champion among large SUVs in China, following Li ONE's phenomenal performance, securing it in December 2022.

According to data from Benzinga Pro, Li Auto has a 52 week high of $41.49 and a 52 week low of $12.52.