Li Auto (LI) Soars on OTA Update and Strong Sales Performance

Oct 23, 2024

Li Auto (LI, Financial) shares surged 5.85%, reaching $27.615 following the announcement of a significant update. The company revealed the full rollout of their advanced "end-to-end + VLM" intelligent driving system, included in the OTA 6.4 update. This update spans the AD Max platform models, specifically targeting the MEGA, L9, L8, L7, and L6 series.

Additionally, Li Auto reported impressive sales figures for the 42nd week of 2024, achieving a sales volume of 12,100 vehicles. This marked the 26th consecutive week where Li Auto secured the top position among new energy brands in the Chinese market.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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