Li Auto Cuts Q3 Delivery Outlook Hit By Supply Chain Woes

Li Auto Cuts Q3 Delivery Outlook Hit By Supply Chain Woes
  • Li Auto Inc LI has cut its third-quarter vehicle delivery outlook to 25,500.
  • The previous outlook provided by the company was 27,000 - 29,000 units. 
  • The guidance downgrade is due to the continuation of the supply chain bottleneck, said Li.
  • Also ReadLi Auto August Delivery Falls 52%
  • The company plans to collaborate closely with its supply chain partners to resolve the issue and accelerate production.
  • Li’s Q2 deliveries fell 9.6% sequentially, and revenue grew 73% Y/Y.
  • The Chinese company designs, develops, manufactures, and sells smart electric vehicles.
  • Price Action: LI shares are trading lower by 2.84% at $24.29 in premarket on the last check Monday.
  • Photo Via Company

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