Li Auto-W's stock surged 5.02% during intraday trading on Wednesday, marking a significant upward movement for the Hong Kong-listed electric vehicle manufacturer.

The rally follows the company's sustained large-scale share repurchase program, which has seen the completion of 46.2% of its USD 1 billion buyback plan within just three months, with cumulative repurchases reaching USD 462 million. Recent buybacks included transactions on July 6, July 2, and July 1, demonstrating the company's commitment to returning value to shareholders.

Analyst confidence has also bolstered the stock, with Changjiang Securities recently maintaining a Buy rating on Li Auto. The firm cited the company's leading autonomous driving technology and its dual-energy strategy as key competitive advantages expected to expand. Furthermore, the imminent official launch of the new-generation Li L6 model in July, alongside a refresh of the L-series, the upcoming pure-electric SUV i9, and the company's overseas expansion strategy, are collectively anticipated to unlock further sales growth potential.