Li Auto-W's stock surged 5.06% during intraday trading, highlighting a significant upward movement in the market.
The rally was primarily fueled by an announcement from Li Auto's CEO Li Xiang, who previewed the new L9 model on social media. He emphasized that the vehicle functions as an "intelligent entity" with embodied intelligence, integrating a complete technology stack including the self-developed "Mach 100" chip that delivers 2560 TOPS of computing power. The next-generation L9 Livis edition is priced at RMB 559,800, showcasing the company's advancements in AI and autonomous driving.
This announcement has bolstered investor confidence in Li Auto's technological innovation and future growth potential in the competitive electric vehicle sector.