Li Auto Gains on Car Delivery Report

Li Auto Inc. (NASDAQ: LI) shares noted healthy gains Tuesday. The company, a leader in China’s new energy vehicle market, announced that it delivered 53,709 vehicles in September, up 48.9% year over year. This brought the Company’s third-quarter deliveries to 152,831, increasing by 45.4% year over year. As of September 30, 2024, Li Auto had delivered a total of 341,812 vehicles in 2024, with cumulative deliveries reaching 975,176.“With the penetration rate of new energy vehicles surpassing 50%, the dominance of leading brands has become more pronounced. Since the beginning of the third…