26 Feb Li Auto forecasts first-quarter sales drop as competition sharpens in Chinese EV market, reports record profit
Posted at 12:45h
in Asia
Li Auto, mainland China’s nearest rival to Tesla, has forecast lacklustre sales for the first quarter of this year, adding to evidence that the world’s largest electric-vehicle (EV) market is grappling with a slowdown.The Beijing-based carmaker said on Monday that it could deliver between 100,000...