Li Auto Shares Hit New 52-Week High After Taking In Over 30,000 Li L9 Orders

Shares of Li Auto Inc. (LI) rose and reached a new 52-week high of $41.49 Friday morning, after the Chinese electric vehicles maker announced that the orders for Li L9, its flagship smart SUV, have exceeded 30,000 in 72 hours since the vehicle was available for reservation, demonstrating the outstanding product appeal of the vehicle for family users.

The stock is currently trading at $40.41, up $1.17 or 2.98%, with trading volume of over 8.22 million versus an average volume of 9.77 million shares.

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