Hong Kong-listed shares of Li Auto (NASDAQ: LI) surged on Tuesday after the company unveiled its first all-electric SUV, the Li i8.
As of 05:03 GMT, the stock soared 12.2% to HK$119.20, hitting its highest level since early October 2024. The price came close to a ten-month high, signaling strong market enthusiasm.
The Li i8 is the latest addition to Li Auto’s new i-series, complementing the existing L-series and MEGA models. This launch expands its electric vehicle portfolio and signals a strategic pivot toward all-electric designs. Investors welcomed the news, pushing the share price sharply higher. The positive reaction highlights investor confidence in the company’s strategy to capture a growing share of China’s premium electric SUV market.
Li Auto plans to start production of the Li i8 in the second half of 2025, with deliveries expected to roll out shortly after. The timing aligns with China’s broader push for new energy vehicles. The government continues to roll out policies favoring electric mobility, creating a favorable backdrop for companies like Li Auto to thrive.
Earlier this month, Macquarie analyst Eugene Hsiao upgraded Li Auto (NASDAQ: LI) stock rating from Neutral to Outperform. The firm also issued a price target of $29.00, signaling optimism about future growth.
