Saturday, February 4, 2023

Chinese EV maker Li Auto falls after it cuts delivery outlook; Beijing extends tax breaks for electric cars

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  • Li Auto said that it now expects to deliver 25,500 vehicles in the third quarter down from a previous outlook of between 27,000 and 29,000 units.
  • Li Auto said the forecast cut is a “direct consequence of the supply chain constraint” but said demand for its vehicles remains “robust.”
  • Meanwhile, China announced an extension of tax breaks for electric car purchases, sending shares of Nio and Xpeng higher.

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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: CNBC

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