- 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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