Li Auto Unveils First Electric SUV, Boosting Stock by 15%

The Chinese EV maker revealed the Li i8, its first all-electric SUV, positioning it as a competitor in the world's largest EV market.

Li Auto shared the first images of its new electric SUV, the Li i8, marking the company's shift from extended-range EVs to fully electric vehicles.
The Li i8 is expected to compete with luxury SUVs from Tesla, BYD, XPeng, and German automakers like BMW and Mercedes-Benz in China's competitive EV market.
Li Auto's stock surged nearly 15% following the announcement, reflecting investor confidence in the new model's potential impact.
The Li i8 was revealed earlier than planned to preempt Xiaomi's upcoming EV launch, highlighting the intense competition among Chinese automakers.
Li Auto has expanded its infrastructure with 1,845 Supercharging Stations across China, supporting its growing lineup of EVs, including the i8.