Li Auto, Inc. (LI) has released an update.
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Li Auto Inc., a major player in China’s new energy vehicle sector, has revised its Q1 2024 delivery forecast downwards from the initial 100,000-103,000 vehicles to 76,000-78,000, citing lower-than-expected order intake. The company’s CEO, Xiang Li, admitted to strategical missteps with their Li MEGA model and emphasized a renewed focus on core users and operating efficiency over aggressive expansion and competition. Li Auto continues to innovate in the electric vehicle space, aiming to provide smart and comfortable transportation solutions.
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