Li Auto Inc.

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Li Auto, Inc. (NASDAQ: LI) resulting from allegations that Li Auto may have issued materially misleading business information to the investing public.

If you purchased Li Auto securities and would like to join the prospective action, please click “Join This Class Action.”

If you purchased Li Auto securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On March 21, 2024, before market hours, Li Auto issued a press release which announced that “[d]ue to lower-than-expected order intake, the Company now expects its vehicle deliveries for the first quarter of 2024 to be between 76,000 and 78,000 vehicles, revised from the previous vehicle delivery outlook of between 100,000 and 103,000 vehicles.” In addition, the Company stated its purported high-tech flagship family multipurpose vehicle, Li MEGA, had an operating strategy that was mis-paced.

On this news, Li Auto’s American Depositary Shares (“ADSs”) fell $2.55 per ADS, or 7.5%, to close at $33.15 per ADS on March 21, 2024.

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Company Name: Li Auto Inc.
Stock Symbol: LI
Class Period: N/A
Court: N/A

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Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

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The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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