Industry dynamics

Li Auto rises 2.57% pre-market, recouping some of its losses from past two days

Publishtime:1970-01-01 08:00:00 Views:26

Chinese EV maker Li Auto (NASDAQ: LI) rose 2.57 percent premarket Friday after the company said cumulative deliveries of its only model, the Li ONE, exceeded 30,000.

Li Auto shares have pulled back sharply over the past month, with a cumulative decline of about 30 percent since November 24. The stock is down a cumulative 4.54 percent over the past two trading days.

Li Auto surpassed 30,000 cumulative deliveries, which is 12 months and 14 days after the Li ONE opens for deliveries on December 4, 2019, the company said earlier today.

The Li ONE set a record for the fastest delivery of a first model among China's new car makers.

Li ONE customers have accumulated more than 230 million kilometers of driving. In a car satisfaction survey, 98.4 percent of users said they were satisfied with the use of the vehicle and were willing to recommend friends around them to buy the Li ONE, the company said.

In addition, Li Auto affiliate, Beijing Chehejia ("Car and Home") Information Technology Co., is applying for patents related to autonomous driving, information from data provider Qichacha showed Thursday.

The company disclosed on Dec. 11 patent information for "a method and device for generating scenarios for autonomous driving simulation," which is a method and device for generating scenarios for autonomous driving simulation and relates to the field of data processing technology.

The main purpose of the patent is to make the autonomous driving simulation scenario more similar to the real driving situation.

Li Auto files patents related to autonomous driving