Chinese EV Billionaire Boosts His Wealth To Almost $10 Billion
Following the release of fourth quarter earnings on Monday, shares of the dual-listed company jumped as much as 26% in Hong Kong on Tuesday.
Stay updated with breaking news from Li Auto. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Following the release of fourth quarter earnings on Monday, shares of the dual-listed company jumped as much as 26% in Hong Kong on Tuesday.
Investors are cautious ahead of Financial Secretary Paul Chan’s budget address on Wednesday, amid calls for property market incentives. EV maker Li Auto rallies after a stellar earnings report.
Asian equities were largely higher overnight, as Mainland China and Hong Kong outperformed while South Korea and Taiwan underperformed.
The Chinese EV maker is a long-term buy with a bit of short-term risk -- and offers patient investors a big opportunity to profit.
Key Insights Li Auto's significant insider ownership suggests inherent interests in company's expansion The top 6...