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Li Auto Stock Tanks 14% On Inclusion In Shenzhen-Hong Kong Stock Connect Program

Shares of Chinese electric SUV maker Li Auto Inc. (LI) tanked over 14% on Monday morning after the company announced the inclusion of its shares in the Shenzhen-Hong Kong Stock Connect Program.

LI is currently trading at $19.05, down $3.12 or 14.06%, on the Nasdaq.

Beijing-based Li Auto designs, develops, manufactures, and sells smart electric sport utility vehicles in China. It offers Li ONE, a six-seat electric SUV that equipped with a range of extension system and smart vehicle solutions.

LI Auto's inclusion in the Shenzhen-Hong Kong Stock Connect program is effective on Monday, March 14, 2022. The company's shares are already listed and traded Stock Exchange of Hong Kong Limited.

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