The Latest Breaking News from Li

BYD and startup Li Auto showed continued momentum in May. Nio and Xpeng are pinning their hopes on new models.

Chinese EV startups Nio and XPeng are banking on new launches to revive EV sales. Nio stock is trading near a key level.

Sheikh Jassim's post-deadline improved offer may not stop the Sir Jim Ratcliffe group from being put forward as preferred bidder and among the top decisions for a prospective new owner will be deciding on the future of the stadium

The market rally fell near 2023 highs with a key inflation report due. Airbnb and Celsius were big earnings movers late.

Li Auto earnings surged, with the Tesla rival guiding to hot Q2 deliveries. LI stock jumped above an early entry to an official buy point.

June S&P 500 futures (ESM23) are up +0.02%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.11% this morning as market participants awaited crucial U.S. inflation data that could influence the Federal Reserve’s monetary policy stance.

China EV sales for April follow the Shanghai Auto Show and a price war in the world's largest and fastest-growing EV market.

June S&P 500 futures (ESM23) are up +0.04%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.05% this morning as market participants digested JPMorgan’s takeover of First Republic’s assets while looking ahead to the Federal Reserve’s upcoming interest rate decision as well as Friday’s nonfarm payrolls report.

The market rally is near 2023 highs after a big shakeout. JPMorgan will buy First Republic Bank. Big earnings and the Fed loom.

Li Auto has been outselling startup peers Nio and XPeng. Its first battery electric vehicles are highly anticipated. LI stock broke out.

Tesla deliveries hit a record but missed views again, just after TSLA stock broke out. Oil leapt on an OPEC+ output cut.