Li Auto Inc. gains 8% after approval of its new electric car launch in China.

From Yahoo Finance: 2025-06-24 14:08:00

Li Auto Inc. (NASDAQ: LI) gained 7.96% after a three-day decline, closing at $28.08. China’s MIIT approved the Li i6, Li Auto’s third electric car, set to launch in September. The Li i6 offers both AWD and RWD options, with the RWD model being the first of its kind. It’s expected to compete with luxury SUVs like Mercedes-Benz GLC and BMW X3.

Read more: Li Auto (LI) Grows 8% on New EV Launch