LI - Why Li Auto Shares Are Diving Premarket Thursday | Benzinga
Li Auto Inc (NASDAQ:LI) shares are tumbling today after the company cut the first-quarter FY24 vehicle deliveries guidance.
The company lowered the first-quarter vehicle deliveries outlook to 76,000-78,000 from 100,000-103,000 expected earlier. The guidance cut is owing to lower-than-expected order intake.
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Xiang Li, chairman and chief executive officer, said, “We planned ...