- Li Auto Inc (NASDAQ: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 Read: Li 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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