Li Auto ADRs Surge as Chinese EV Maker Swings to First Annual Profit

Key TakeawaysLi Auto beat fourth-quarter earnings estimates and recorded its first annual profit.The Chinese carmaker predicted current-quarter deliveries would be nearly double what they were a year ago.Li Auto ADRs are 70% higher in the past year.American Depositary Receipts (ADRs) of Li Auto (LI) surged Monday after the Chinese electric vehicle (EV) manufacturer defied intense domestic competition to post better-than-expected results and its first annual profit.The company reported fourth-quarter revenue ...