Li Auto Inc. (NASDAQ: LI), a leading electric vehicle (EV) company in China, saw its shares soar 5.11% in pre-market trading on Tuesday, January 14th. The stock price movement came amid growing optimism surrounding the future of the EV industry and the company's impressive delivery numbers.

Li Auto has been consistently delivering strong performance in the EV market. According to reports, the company recorded a 16% year-over-year increase in deliveries for December 2024, reaching 58,513 vehicles. Moreover, Li Auto achieved record-level deliveries for the full-year 2024, with a total of 500,508 vehicles delivered, and cumulative deliveries reaching 1,133,872.

The upbeat sentiment surrounding Li Auto's stock price can be attributed to several factors. Firstly, there is a growing consensus among analysts that the long-term secular growth outlook for EVs remains intact. As the world transitions towards sustainable transportation, the demand for EVs is expected to continue rising. Additionally, Li Auto's innovative extended-range EV technology, which incorporates a gasoline engine to recharge the battery, has been well-received by consumers, addressing concerns over range anxiety.