Li Auto Faces Headwinds Ahead of Q3 Earnings Amid EV Market Slowdown
Chinese electric vehicle Maker Li Auto prepares to report third-quarter results against a backdrop of declining deliveries and intensifying competition. October deliveries plummeted 38.3% year-over-year, with price cuts and new SUV launches failing to reverse the trend.
Wall Street anticipates grim numbers: EPS is projected at $0.10 versus $0.51 last year, while revenue expectations nosedive from $5.98 billion to $3.71 billion. The EV sector's price wars and demand softening for extended-range models compound the challenges.