#Latest news with #CarmakersBloomberg6 days agoAutomotiveBloombergLi Auto Second-Quarter Sales Set to Disappoint Amid EV Price WarLi Auto Inc. forecast second-quarter revenue that fell short of what investors are expecting, as the Chinese electric vehicle maker struggles amid intensifying competition in the world's biggest automobile market. Carmakers in China have slashed sticker prices to kick start sluggish consumer demand, including market leader BYD Co., which last week cut prices by as much as 34%.
Bloomberg6 days agoAutomotiveBloombergLi Auto Second-Quarter Sales Set to Disappoint Amid EV Price WarLi Auto Inc. forecast second-quarter revenue that fell short of what investors are expecting, as the Chinese electric vehicle maker struggles amid intensifying competition in the world's biggest automobile market. Carmakers in China have slashed sticker prices to kick start sluggish consumer demand, including market leader BYD Co., which last week cut prices by as much as 34%.
6 days ago
