Li Auto Expects 2Q Revenue Down 16%-20% YoY
Li Auto 2Q Revenue Forecast
Chinese electric vehicle maker Li Auto announced that its second-quarter revenue is expected to decline by 16% to 20% year-over-year. The company cites increased competition and challenging market conditions as key factors.
Market Reaction and Expectations
The forecast has caused concern among investors, leading to volatility in the stock price. Li Auto's performance is seen as a reflection of the broader slowdown in the automotive sector.
Company's Future Plans
Li Auto aims to boost sales through cost-cutting measures and new model launches. The company remains confident in its long-term growth potential.
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