10 Firms End Trading Week Defying Market Bloodbath

8. Li Auto Inc. (LI)

Li Auto Inc. (LI) registered a 0.67-percent rise in its share prices on Friday to close at $25.49 apiece, albeit lower than the $25.82 at the open.

Investors placed buying positions on Li Auto following an announcement from its chief executive officer Li Xiang that the company is looking to reposition itself as an artificial intelligence company and produce humanoid robots eventually.

The company’s involvement in humanoid robots is “definitely 100 percent in probability,” said Li at an AI talk event.

Li Auto will soon launch a mobile app for its AI assistant Lixiang Tongxue, built on its self-developed foundational model Mind GPT, Li added.

The company was one of the best-performing Chinese EV companies in 2024, having grown its revenues last year to $17 billion from just over $40 million in 2019.