LI - Li Auto CEO Urges Government To Facilitate Mergers As Chinese EV Industry Struggles: Report | Benzinga
Li Auto Inc.’s (NASDAQ:LI) chief executive officer, Li Xiang, has reportedly urged the government to increase mergers and acquisitions among struggling EV manufacturers, cautioning about potential social losses from failed companies.
The CEO emphasized the need for China to establish a consolidation mechanism within the automotive industry, Bloomberg reported, citing a social media post on Wednesday.
“In the future, many new brands will encounter operational and ...