prnewswire.com·2024-05-21 09:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Li Auto Inc. regarding a class action lawsuit due to allegations of misleading statements and overstatements related to vehicle demand and operational efficacy during a specified class period [1][2]. Group 1: Allegations and Class Period - The class period for the allegations is from February 26, 2024, to March 20, 2024 [1]. - Allegations include that Li Auto overstated demand for its vehicles and the effectiveness of its strategy for launching the Li MEGA battery electric minivan [1]. - The company is unlikely to meet its Q1 2024 vehicle delivery estimates, which could negatively impact its financial condition [1]. Group 2: Next Steps for Shareholders - Shareholders are encouraged to register for the class action by July 9, 2024, to participate in potential recovery [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [2]. Group 3: About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [3].