LI AUTO DELIVERS LOWEST NUMBER OF VEHICLES IN 22 MONTHS
September 2, 2022
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Li Auto($NASDAQ:LI)’s sales have been in decline for the past few months, and August was the worst month yet. The company delivered just 4,571 vehicles, down 52% from the same month last year and 56% from the previous month.
The company blamed the low sales figure on a “supply shortage of battery cells and power modules,” which it said has been ” exacerbated by the recent increase in global chip prices.” In an effort to address the issue, LI AUTO said it has been working with suppliers to increase production capacity and has also been diversifying its battery cell sources.
A company’s fundamentals are a reflection of its long-term potential. The VI app makes it easy to analyze a company’s fundamentals and identify potential risks. According to the VI Risk Rating, LI AUTO is a medium risk investment in terms of financial and business aspects. The app highlights potential risks in the financial and business areas, allowing you to make an informed investment decision.
This could be due to investor concerns about the company’s future prospects. LI Auto is a Chinese electric vehicle company. It is the first new energy vehicle company to be listed on the Nasdaq. The company sells electric SUVs. The company has been facing some challenges lately. This news caused the stock price to drop. This shows that there is still some investor confidence in the company. If you are considering investing in LI Auto, you should do your own research and consult with a financial advisor to make sure it is a wise decision for you.
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