Li Auto: Flying Under The Radar In A Competitive EV Market
LI AUTO(LI) Seeking Alpha·2024-08-22 02:44
Robert Way The Chinese Extended Range EV (EREV) and battery electric vehicle (BEV) maker Li Auto Inc. (NASDAQ:LI) is set to report Q2 earnings on August 28, before the market opens. This came after last quarter, both top-line and bottom-line results disappointed, and Li Auto announced to lay off approx. 18% of its workforce. In addition, forecasts in January were expecting 800,000 deliveries for 2024, which got slashed to a new target of 640,000 to 560,000 vehicles in March. Things got worse however at the ...