Li Auto (LI, Financial) experienced a significant drop in its stock price, falling over 7% in pre-market trading, with shares priced at $28.45. This decline comes as the company faces a challenging sales environment.
Recent data reveals that Li Auto's sales have been on a downward trend. In January, the company saw its sales plummet by 48.85% compared to the previous month. The decline continued into February, with sales decreasing by an additional 12%, resulting in only 26,000 vehicles sold.
These figures highlight a concerning trend for Li Auto, as it struggles to maintain its sales momentum in the competitive electric vehicle market. Investors are closely monitoring the company's performance and strategic responses to these challenges.
