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Caixin

China's Li Auto shows pulse despite its self-drive tech woes

Chip shortage and COVID cloud brief uptick, as shares still down 33% in 2021

Investors see a future in Nasdaq-listed Li Auto, but the co-founder says the company needs "more homework" to raise its self-drive to the same level as global peers.   © AP

Shares in Li Auto soared on Wednesday despite the Chinese electric automaker announcing a slide back into loss and admitting its self-driving technology is not as good as that of its rivals.

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