Li Auto Q3 revenue beats estimates, shares surge about 20% pre-market

Chinese electric car maker Li Auto (NASDAQ:LI) posted third-quarter revenue of RMB 2.511 billion, which was well above the market's expectations of RMB 1.925 billion. The company reported a net loss of RMB 107 million for the third quarter, which was below market expectations of a loss of RMB 502 million.