LI LAWSUIT ALERT: The Gross Law Firm Notifies Li Auto Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

Core Viewpoint - Li Auto Inc. is facing allegations of issuing materially false and misleading statements regarding the demand for its vehicles and the effectiveness of its operating strategy, particularly concerning the launch of its battery electric minivan, Li MEGA [2]. Group 1: Allegations and Class Period - The class period for the allegations is from February 26, 2024, to May 20, 2024 [2]. - Allegations include that Li Auto overstated vehicle demand and the efficacy of its operating strategy, leading to an unlikely achievement of Q1 2024 vehicle delivery estimates [2]. - The revelations are expected to have a material negative impact on the company's financial condition, indicating that public statements made by the company were materially false and misleading [2]. Group 2: Shareholder Actions - Shareholders who purchased shares during the class period are encouraged to register for potential lead plaintiff appointment, with a deadline set for July 9, 2024 [3]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive status updates throughout the lifecycle of the case [3]. - Participation in the case incurs no cost or obligation for shareholders [3]. Group 3: Legal Representation - 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 companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [4].