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Chinese EV Maker Li Auto Misses Q1 Revenue Expectations Despite Surging...

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Li Auto Inc (NASDAQ:LI) reported fiscal first-quarter 2024 revenue growth of 36.4% year-on-year to $3.55 billion, missing the analyst consensus estimate of $3.84 billion. Adjusted net earnings per ADS was $0.17 missed the analyst consensus estimate of $0.35. The stock price dropped after the results. Vehicle sales increased 32.3% to $3.4 billion, mainly attributable to the increase in vehicle deliveries. Total vehicle deliveries were 80,400 units in the quarter, an 52.9% Y/Y increase. Also Read:

Auto China 2024: WhichEV visits Beijing for the most important car...

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Car shows have become a shadow of their former selves over the last few years. Only a few new cars