Li Auto stock jumps on first-ever annual net profit

02/26/2024 22:38
Li Auto stock jumps on first-ever annual net profit

Shares of Li Auto (LI, 2015.HK) are surging Monday morning the Chinese EV company beat fourth-quarter earnings expectations. The automaker reported its first-ever annual net profit, delivering 131,805 vehicles in the quarter — nearly tripling deliveries year-over-year. Yahoo Finance's Seana Smith and Brad Smith break down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

Shares of Li Auto (LI, 2015.HK) are surging Monday morning the Chinese EV company beat fourth-quarter earnings expectations. The automaker reported its first-ever annual net profit, delivering 131,805 vehicles in the quarter — nearly tripling deliveries year-over-year.

Yahoo Finance's Seana Smith and Brad Smith break down the details.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Angel Smith

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