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.
On December 9, 2022, Li Auto announced third-quarter operating results. Revenue missed analyst estimates by 2.5%, while earnings per share also missed analyst estimates by 40%. Gross margin was 12.7% in the third quarter of 2022, compared with 23.3% in the third quarter of 2021.
On this news, Li Auto’s American Depositary Share (“ADR”) price fell $2.98 per ADR, or 12.37%, to close at $21.12 per ADR on December 9, 2022.
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