Li Auto shares gain 20% in Hong Kong after big earnings beat, solid 2024 outlook

Li Auto’s shares 2015, +21.02%rose sharply in Hong Kong after the Chinese electric-vehicle maker roundly beat earnings expectations with jumps in quarterly profit and revenue on the back of rising demand for its SUVs and other cars. Shares were 20% higher at 167.10 Hong Kong dollars (US$21.36), on track for their biggest one-day percentage gain in almost two years. The jump, which came after a steep rise in U.S.-listed ADRs LI, +18.79%overnight, pulled shares into the green for the year, a