US Stock Movement | Li Auto (LI.US) Opens Up Over 5% After Announcing $1 Billion Share Buyback Plan

LootboxPhobia · 2026-03-24T22:30:16+00:00

Li Auto surged over 5% at market open Tuesday, reaching $17.98, after the board approved a maximum $1 billion share repurchase program. Additionally, rising international oil prices are expected to accelerate electric vehicle adoption, while declining lithium prices will help improve battery economics, according to analysts.

LootboxPhobia

2026-03-24 22:30:16

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Wallstreetcn App reports that on Tuesday, Li Auto (LI.US) opened up over 5%, trading at $17.98. According to the news, on March 24, Li Auto announced that the board of directors has approved a share repurchase plan, authorizing the company to buy up to $1 billion worth of Class A ordinary shares and/or American Depositary Shares from the approval date until March 31, 2027.

In addition, international oil prices rose again during the day, with Brent crude futures surging over 4%, reaching $99.85. Goldman Sachs analysts pointed out that rising oil prices will accelerate the adoption of electric vehicles worldwide, while the continued decline in lithium prices improves battery economics and pricing competitiveness.

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