There's more than one reason why investors are keeping their distance from this EV stock today.Extending a slide that saw shares of Li Auto (LI -6.05%) plunge more than 10% last week, the electric car stock is driving lower today as investors wrestle with news that the company is slashing prices on its vehicles as well as news that an analyst has lowered the price target of Li Auto's stock.As of 11:55 a.m. ET, shares of Li Auto have fallen 5.8%, recovering slightly from their earlier decline of 8.6%.Price c ...

Why Tesla's Rival Li Auto Is Crashing Today Mario Tama / Getty Images News via Getty Images While all eyes have been on Tesla’s (Nasdaq: TSLA) electric vehicle (EV) cost-cutting measures, Beijing rival Li Auto (Nasdaq: LI) got swept up in the selling pressure too, with shares down 8.5% at their lowest point today. While the stock has come off its lows of the session, it remains below the $25 threshold as investors prove they’ve got their eyes on the exit sign. In early April, LI shares were hovering near ...

Li Auto (NASDAQ:LI) stock is falling on Monday after the electric vehicle (EV) company announced plans to reduce the price of its products amid stiff competition in the EV space.Li Auto is reducing the price on four of its five models in a bid to better compete with rival EV companies. It’s also offering refunds for customers who bought those models earlier this year at their higher prices.The price cuts have Li Auto dropping the purchase sticker for its L7, Li L8, Li L9 and Li MEGA models. This has it redu ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Li Auto Inc (NASDAQ: LI) is down nearly 8.0% this morning after Pomerantz LLP announced an investigation into the electric vehicles company. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Why is Li Auto under investigation?Copy link to sectionThe law firm is looking into concerns that the EV firm or its employees may have engaged in “securities fraud or other unlawful business practices”.  It is “investigating claims on behalf of Li Auto” investors, ...

Tesla shares sank in premarket trading on Monday, while China's Li Auto plummeted to an 11-month low, after both companies slashed prices of their electric vehicles in various markets amid intense competition.U.S. EV giant Tesla cut the starting price of its Model 3 in China to 231,900 yuan ($32,000) on Sunday, a reduction of 14,000 yuan, as reported by Reuters. The report also said it had slashed prices in other major markets, like Germany.Meanwhile, Li Auto cut prices for its models, including the L7, L8, ...

Li Auto (NASDAQ:LI) is making headlines today, with the company announcing the launch of its brand-new L6 SUV. This premium SUV will start at a price of $34,500, clearly exciting many in the market. LI stock closed the day up by nearly 2%.An extended-range model will be made available at this price point, in a bid for the company to gain market share. The electric vehicle (EV) firm will also offer upgraded models at a slightly higher price point. This is the latest move for a Chinese EV maker to put forward ...

BEIJING, China, April 18, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. ("Li Auto" or the "Company") (NASDAQ:LI, HKEX: 2015))), a leader in China's new energy vehicle market, today launched Li L6, a five-seat premium family SUV. Li L6 will offer Pro and Max trims at retail prices of RMB249,800 and RMB279,800, respectively, and will commence deliveries in April 2024. Below is an overview of Li L6. For more details about Li L6, please visit Li Auto's official website. Li L6 is a premium large SUV that offers spaciou ...

BEIJING, April 12, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. ("Li Auto" or the "Company") (NASDAQ:LI, HKEX: 2015))), a leader in China's new energy vehicle market, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission on April 12, 2024. The annual report can be accessed on the Company's investor relations website at https://ir.lixiang.com. The Company will provide a hard copy of its annual report containing the audite ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF ...