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Li Auto - W stock rises over 4% in early trading, plans to repurchase up to $1 billion in company shares
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Li Auto-W (02015) rose more than 4% during intraday trading. As of the time of publication, the stock price was up 3.99%, trading at HK$70.30, with trading value of HK$513 million.
On March 24, Li Auto announced that its board of directors has approved a share repurchase program. Under the program, the company is authorized to repurchase up to US$1.0 billion worth of Class A common stock and/or American depositary shares during the period from the date of approval to March 31, 2027. The board believes that the share repurchase program demonstrates the company’s strong confidence in its strategic roadmap and its future value creation, and that it will ultimately benefit the company and create value for shareholders. Western Securities recently noted that the company’s current share price is in the historical bottom range, and with the launch of new vehicles and embodied intelligent products, it is expected to enter a new growth cycle.
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Responsible editor: Lu Yujun