Li Auto Posts Slowest Delivery Growth in Nearly Two Years

Li Auto reported its slowest monthly growth in nearly two years due to an intensifying EV price war and lower-than-expected sales of its first fully electric model. The Chinese electric-vehicle maker delivered 25,787 vehicles in April, marking a 0.4% increase compared to the same period last year. However, this growth is the slowest since August 2022 and represents an 11% drop from March’s deliveries. Li Auto also faced increased competition from Huawei-backed Seres.