Li Auto’s U.S.-listed shares rose 4.22% to $18.76 in pre-market trading on May 11.
The gain follows the scheduled May 15 launch and delivery start for the new L9 model.
Analysts at Shenwan Hongyuan suggest the company’s fundamentals have bottomed out and are beginning to rebound.
New model introductions in the second quarter signal a new vehicle cycle expected to drive growth and performance.