Shares of Chinese electric vehicle maker Li Auto surged 15.26% on Monday, propelled by robust delivery numbers for September that surpassed its domestic rivals and fueled investor optimism about the company's growth prospects.
According to the company's latest figures, Li Auto delivered an impressive 53,709 vehicles last month, a staggering 48.9% increase year-over-year. This stellar performance outpaced its Chinese EV peers, with NIO and XPeng each reporting around 21,000 deliveries for September, reflecting growth rates of 35% and 39% respectively.
Li Auto's strong delivery numbers have been a key driver behind the share price rally, lifting sentiment across the broader Chinese EV sector. The company's continued expansion of its store footprint across China, coupled with its CEO's comments on robust order intake, suggest that the growth momentum is likely to continue in the coming months.
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