Hyperdrive
Li Auto Sales Disappoint Amid Tepid Demand for Electric Cars
- Sales of 24.25 billion yuan missed 26.71 billion yuan estimate
- MEGA van hasn’t been selling as well as Li Auto had hoped
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Li Auto Inc.’s first-quarter vehicle sales missed analyst estimates as deliveries of its first all-electric car fell short of its own targets.
The Chinese automaker reported vehicle sales of 24.25 billion yuan ($3.4 billion) for the three months ended March 31, up 32% year-on-year but short of the 26.71 billion yuan analysts were looking for.