US Stock Market Move | Li Auto, Inc. Sponsored ADR Class A (LI.US) rose more than 4%. The all-new Li ONE L8 will officially launch on June 23rd.

On Friday, Li Auto, Inc. Sponsored ADR Class A (LI.US) rose more than 4%, reaching $14.38. In terms of news, on June 12th, Li Auto, Inc. Sponsored ADR Class A announced that the all-new Li Xiang L8 will officially launch on June 23rd, positioning itself as a "five-seat flagship SUV without compromise." Western has indicated that the company is currently in a product transition period, having cleared inventory of old models in the first quarter, with deliveries of the L9 starting in May, and the all-new L8 Livis expected to start deliveries by the end of June. There have been substantial upgrades in terms of body size, power system, intelligent hardware, and seating layout. With the increase in the delivery volume of the L9 in the second quarter, the company forecasts that the Q2 gross margin is expected to rise to 10%.