Deliveries Up 40% But Stock Down — What's Weighing On Li Auto Stock?

Visitors are looking at the 2024 Li Auto MEGA electric car at the 21st Changchun International ... [+] Automobile Expo in Changchun, China, on July 17, 2024. (Photo by Costfoto/NurPhoto via Getty Images)NurPhoto via Getty ImagesThings appear to be getting better in the Chinese luxury electric vehicle market. Li Auto , which is the largest of the emerging EV players in China, delivered 51,000 vehicles for July 2024, an increase of 49.4% versus last year. Deliveries for the seven months from January through J ...