Li Autos Jumps On Earnings. Its Growth Is Good News For EV Makers, Including Tesla.

Li Auto


stock jumped in early trading Monday after reporting fourth-quarter financial results. The numbers were in line with estimates, but guidance for the first quarter was enough to alleviate investors’ fears about slowing electric vehicle demand in China.

Li Auto


(ticker: LI) reported adjusted earnings per share of 0.93 yuan (13 cents) on revenue of $2.56 billion in the fourth quarter. Analysts were expecting earnings of 7 cents a share on revenue of $2.6 billion, according to FactSet data.