US Stock Market Move | Li Auto, Inc. Sponsored ADR Class A (LI.US) rose 4%, the company will fully enter the high-end pure electric SUV market.

On Tuesday, Li Auto, Inc. Sponsored ADR Class A (LI.US) rose by 4% to $24.29. In terms of news, on September 1st, the founder and CEO of Li Auto, Inc. Sponsored ADR Class A, Li Xiang, made a strong statement on social media: Ideals will fully enter the high-end pure electric SUV market by 2025, striving to achieve a sales ranking of "top five by 2023", and setting a monthly sales target of 18,000 to 20,000 vehicles. Li Xiang revealed that Ideals will mainly rely on three pure electric models: MEGA, i6, and i8. Among them, the monthly sales of MEGA have exceeded 3,000 units, the target for i6 is 9,000 to 10,000 units per month, and for i8 it is over 6,000 units per month.