Li Auto shares rise sharply in Hong Kong after swing to Q1 net profit

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Li Auto’s shares HK:2015 rose sharply in Hong Kong on Thursday morning after the Chinese electric-vehicle maker reported a swing to a net profit in the first quarter from a net loss a year earlier.

The company’s H-shares were recently 15% higher at 113.80 Hong Kong dollars (US$14.53) after earlier rising as much as 17% to HK$115.40, the highest intraday level since Aug. 31, according to FactSet.

In…

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