BUZZ-Li Auto's HK shares jump most in a year on launch of first electric SUV

Reuters
02-25
BUZZ-Li Auto's HK shares jump most in a year on launch of first electric SUV

** Hong Kong shares of Li Auto 2015.HK jump as much as 16.1% to HK$123.30, on course for the biggest one-day pct gain since February 26, 2024

** Stock hit the highest since October 7, 2024; top pct gainer in Hang Seng Tech Index .HSTECH and Hang Seng China Enterprises Index .HSCE, which are down 1.8% and 1.4%, respectively

** The Chinese automaker on Tuesday introduced its first electric SUV i8 but pricing for the new model has yet to be announced

** Rivals also rise with NIO 9866.HK, Geely Auto 0175.HK, Xiaomi 1810.HK and Xpeng 9868.HK up between 0.1% and 4.6%

** Hang Seng Commerce & Industry Index .HSNC falls 1.8% and Hang Seng Index .HSI declines 1.4%

** Li Auto's Hong Kong-listed stock up 27% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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