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Stock Alert: Li Auto Climbs Above 5%

Shares of Chinese EV maker, Li Auto Inc. (LI) are climbing more than 5% Tuesday morning at $18.44. It has traded in the range of $14.31- $24.48 in the past 52 weeks.

The company today announced the appointment of Kai Wang as chief technology officer effective September 15, 2020. Wang is a world-renowned expert in the field of automotive electronic and electrical architecture, domain controller, intelligent and connected automotive technologies, and autonomous driving.

Last month the company had announced record deliveries for its Li ONE electric sports utility vehicles since the company started delivering the model in December last year.

Li Auto, which debuted on the Nasdaq on July 30, at an opening price of $15.49 has grown nearly 20% since then.

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