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Why Li Auto Shares Popped Today

Why Li Auto Shares Popped Today

If there is slowing demand for electric vehicles (EVs) in China, Li Auto (NASDAQ: LI) isn't seeing it. Li released its first-quarter update today, and the stock is surging. As of 11:38 a.m. ET, Li's American depositary receipts were higher by 13.5% on the day.