EV Stocks Develop Individually; LI AUTO-W Hikes 6%+ After Li L6 Secures Over 41K Orders

EV stocks developed individually this morning (6 May). $LI AUTO-W(02015.HK)$ opened flat and then elevated, peaking at $119.9. It trades now at $118.6, lifting 6.85%, with 10.8204 million shares traded, involving a capital of $1.254 billion. The company announced on its official Weibo that the cumulative orders for Li L6 exceeded 41,000 units from 18 April to 5 May. Citi said LI AUTO's strong order book this month is expected to induce a positive share price reaction to the sales figures after the recent pullback.

In other EV stocks, $NIO-SW(09866.HK)$ is trading at $44, up 2.56%. $XPENG-W(09868.HK)$ trades now at $35.15, down 1.82%. $LEAPMOTOR(09863.HK)$ now trades at $30.3, falling 4.42%. $BYD COMPANY(01211.HK)$ anchors now at $227, up 0.27%.

$GEELY AUTO(00175.HK)$ is now standing at $9.91, dropping 0.7%. Zeekr, GEELY's premium EV brand, is going to go public in the US, raising up to US$367.5 million (HK$2.87 billion) in what is expected to be the largest Chinese company to go public in the US since October 2021.