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Why Chinese EV Maker Li Auto Stock Jumped This Week

Why Chinese EV Maker Li Auto Stock Jumped This Week

Shares of China-based electric vehicle (EV) maker Li Auto (NASDAQ: LI) have been on a tear this year. Li shares were higher by 14.5% since last Friday's closing price as of midday trading on Friday, according to data provided by S&P Global Market Intelligence. Momentum in the stock has been coming from China's reopening that helped Li report strong fourth-quarter delivery numbers earlier this month.