Contact The Gross Law Firm by July 9, 2024 Deadline to Join Class Action Against Li Auto Inc.(LI)

Core Viewpoint - Li Auto Inc. is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding vehicle demand and operational strategy, particularly concerning the launch of its battery electric minivan, Li MEGA [2]. Group 1: Allegations and Impact - The complaint alleges that Li Auto overstated the demand for its vehicles and the effectiveness of its operating strategy during the class period from February 26, 2024, to May 20, 2024 [2]. - It is claimed that the company is unlikely to meet its Q1 2024 vehicle delivery estimates, which could negatively impact its financial condition [2]. - The public statements made by the company were deemed materially false and misleading throughout the relevant period [2]. Group 2: Class Action Details - Shareholders who purchased shares of Li Auto during the specified class period are encouraged to register for the class action, with a deadline set for July 9, 2024 [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [3]. - There is no cost or obligation for shareholders to participate in this class action [3]. Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and fraud [4]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].