fool.comยท2024-05-21 16:09Core Viewpoint - Li Auto has experienced a significant decline in sales, with a 39% drop sequentially last quarter, and has delayed the release of new all-electric SUV models until 2025, leading to a negative reaction in its stock price [1][2][3] Group 1: Sales Performance - Li Auto's sales fell 39% sequentially last quarter, raising concerns among investors [1] - The company had initially aimed to sell 8,000 units of its Mega electric minivan per month but is currently only selling around 3,000 units [2] Group 2: Charging Infrastructure - A lack of electric charging stations is cited as a significant factor contributing to the poor sales performance, with Li Auto having built only about 400 charging stations in China compared to Tesla's 2,000 and Nio's 2,200 [2][3] - Despite the theoretical ability for all electric cars in China to use GBT chargers interchangeably, the limited number of Li's own charging stations does not seem to be alleviating the sales decline [3] Group 3: Market Reaction - Following the announcement of delayed new models and poor sales figures, Li Auto's stock has seen a continuous decline, falling 3.6% in a single day and marking six consecutive days of stock price decreases [1][2]