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Li Auto Earnings Surprise Sends Chinese EV Stock Higher – Investor’s Business Daily
Surging EV sales fueled first-ever Li Auto earnings in Q4. Li Auto stock pared gains before the open, with key Chinese EV stock rivals also higher.
Li Auto (LI) reported a surprise Q4 profit before the stock market open on Thursday, as the Chinese EV market remains hot. Li Auto stock rose.
XLi Auto Earnings Report
Estimates: Analysts expected a loss of 4 cents a share on revenue of $565.5 million.
Results: Li Auto earnings came in at 2 cents a share. Revenue jumped 39% to $635.5 million. Li Auto only has one vehicle in production, the Li One SUV. It’s technically a hybrid because it has a small gas engine to extend its range.
Li Auto reported…
