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Li Auto Faces Earnings Test Amid Chinese EV Market Pressures
Li Auto Faces Earnings Test Amid Chinese EV Market Pressures
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BTCCSquare news:
Li Auto prepares to report Q2 earnings against a backdrop of slowing growth in China's hypercompetitive electric vehicle sector. The automaker's 2.3% annual delivery increase to 111,074 vehicles fell short of expectations, with its L-series models particularly affected by weakening demand.
Wall Street anticipates $0.23 EPS on $4.45 billion revenue, but Macquarie's Eugene Hsiao warns of potential misses. His downgrade to Sell reflects concerns about Q3 delivery trends tracking below consensus estimates. The stock's 19% monthly decline underscores mounting investor skepticism.
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