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Li Auto crushed its quarterly earnings report three months ago, but was crushed by earnings today. The automaker missed expectations and reported a $0.08 per share GAAP loss for Q1.
American depositary receipts (ADRs) of Li Auto (LI) are down 14% in intraday trading Monday after the Chinese electric vehicle (EV) manufacturer posted a 36% year-over-year drop in first-quarter net income as it lowered car prices.
The shares of Chinese plug-in hybrid and electric vehicle (EV) maker Li Auto (NASDAQ: LI ) are tumbling today after the company reported weaker-than-expected first-quarter results. LI stock is sinking over 10% in early trading.
Chinese electric-vehicle maker Li Auto reported disappointing first-quarter earnings and sales. Pricing isn't holding up.
Li Auto Inc (NASDAQ: LI) is committed to “enhancing operational efficiency” and create persistent “incremental value” for its users, says Xiang Li – chief executive of the EV company.
Li Auto Inc (NASDAQ: LI) is committed to “enhancing operational efficiency” and create persistent “incremental value” for its users, says Xiang Li – chief executive of the EV company.
NEW YORK, NY / ACCESSWIRE / May 20, 2024 / If you suffered a loss on your Li Auto Inc. (NASDAQ:LI) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/li-auto-inc-lawsuit-submission-form?prid=80697&wire=1 or contact Joseph E. Levi, Esq.
Chinese electric vehicle maker Li Auto said order intake was worse than expected in March as its profit declined in the first quarter.
Quarterly total revenues reached RMB25.6 billion (US$3.6 billion)1 Quarterly deliveries reached 80,400 vehicles BEIJING, China, May 20, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China's new energy vehicle market, today announced its unaudited financial results for the quarter ended March 31, 2024. Operating Highlights for the First Quarter of 2024 Total deliveries for the first quarter of 2024 were 80,400 vehicles, representing a 52.9% year-over-year increase.
NEW YORK, NY / ACCESSWIRE / May 18, 2024 / If you suffered a loss on your Li Auto Inc. (NASDAQ:LI) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/li-auto-inc-lawsuit-submission-form?prid=80589&wire=1 or contact Joseph E. Levi, Esq.