LI Investors Have Opportunity to Lead Li Auto Inc. Securities Fraud Lawsuit with the Schall Law Firm

Core Viewpoint - A class action lawsuit has been filed against Li Auto Inc. for alleged violations of securities laws, specifically related to misleading statements about demand for its vehicles and its delivery targets [1][2]. Group 1: Lawsuit Details - The lawsuit is based on claims that Li Auto overstated demand for its cars and its strategy for launching the Li MEGA, its first battery electric model [2]. - The class period for the lawsuit is defined as February 26, 2024, to March 20, 2024, during which investors are encouraged to participate if they suffered losses [1][2]. - The lawsuit has not yet been certified, meaning that potential class members are not yet represented by an attorney [2]. Group 2: Impact on Investors - Investors who purchased Li Auto securities during the class period are reported to have suffered damages when the truth about the company's misleading statements became known [2]. - The complaint suggests that Li Auto was unlikely to meet its Q1 2024 delivery targets, further indicating the misleading nature of the company's public statements [2].