US Stock Market Move | Announced a $1 billion share repurchase plan, Li Auto, Inc. Sponsored ADR Class A (LI.US) opened up more than 5%.

On Tuesday, Li Auto, Inc. Sponsored ADR Class A (LI.US) opened up more than 5%, at $17.98. In terms of news, on March 24th, Li Auto, Inc. Sponsored ADR Class A announced that the board of directors has approved a share repurchase plan, authorizing the company to repurchase up to $1 billion of Class A common stock and/or American Depositary Shares from the date of approval until March 31, 2027. Additionally, international oil prices rose again during the day, with Brent crude futures jumping more than 4% to $99.85. Analysts at Goldman Sachs Group, Inc. pointed out that rising oil prices will accelerate the global market penetration of electric vehicles, while the downward pressure on lithium prices will continue to improve the economic efficiency and pricing competitiveness of batteries.