Li Auto's stock drops amid economic slowdown as Q3 2024 deliveries rise 45.4%.
Li Auto, a major Chinese plug-in hybrid electric vehicle manufacturer, has seen its stock fall from a peak of $46.65 to $27 amid economic slowdowns and market pressures. Despite these challenges, the company reported a 45.4% increase in Q3 2024 deliveries, totaling 152,831 units, with revenues of RMB42.9 billion (US$6.1 billion). Analysts predict continued revenue growth, positioning Li Auto as a potential long-term investment.
October 31, 2024
11 Articles