Li Auto Inc. shares rise 4.22% premarket after South Korea and its auto association requested relief from U.S. port fees on foreign-built vehicle carriers.

Li Auto Inc. rose 4.22% in premarket trading. The company's stock price increase may be attributed to the news that South Korea and its auto association requested relief from U.S. port fees on foreign-built vehicle carriers, which could potentially benefit Li Auto Inc. as it may reduce the burden on the car industry that has pledged big investments in the United States.