BYD will launch its new electric compact SUV in France at a starting price of 28,990 euros ($30,358), said the director of BYD's sales network in France.

KEY TAKEAWAYS U.S.-listed shares of Li Auto are rising 13% Tuesday after the Chinese electric vehicle manufacturer posted photos of its first all-electric SUV model.The gains followed the release of two photos of the new Li i8 model in its social media platforms,

Shares of Li Auto (NASDAQ:LI) raced higher on Tuesday as the company said it is developing an all-electric SUV to compete with Chinese rivals. The company released two photos of the Li i8 model on social media site Weibo.

Up until last year, the company sold extended-range electric vehicles (EREVs), which are cars with both an electric motor and a small internal combustion engine that powers the battery when it gets low.