TSLA - What's Going On With Chinese EV-Maker Li Auto's Stock? | Benzinga
Li Auto Inc. (NASDAQ:LI) shares are trading lower Monday after the company reportedly cut prices on four of its five models amid an EV price war.
The Details:
Li Auto announced on Monday that it has cut prices by approximately 5% on its L7, Li L8, Li L9, and Li MEGA models. The company also said it would offer cash refunds to owners who had bought those models earlier in 2024.
The move comes after Tesla, Inc. (NASDAQ:TSLA) and BYD also cut prices in China.
Last week, Li Auto launched the Li L6 extended range electric vehicle and said that the vehicle ...