Why Has Li Auto Stock Plummeted Despite Surging Deliveries?
LI AUTO(LI) Forbes·2024-08-02 17:00
Visitors are looking at the 2024 Li Auto L9 electric car at the 21st Changchun International ... [+] Automobile Expo in Changchun, Jilin province, China, on July 17, 2024. (Photo by Costfoto/NurPhoto via Getty Images)NurPhoto via Getty ImagesThings appear to be getting better in the Chinese luxury electric vehicle market. Li Auto, which is the largest of the emerging EV players in China, delivered 51,000 vehicles for July 2024, an increase of 49.4% versus last year. There are a couple of factors that likely ...