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Li Auto Posts Slowest Delivery Growth in Nearly Two Years

·1 min

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.