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Li Auto Poses 13% Sequential Drop During Slow-Sales Month But Outdoes Rival Nio In January

Li Auto Poses 13% Sequential Drop During Slow-Sales Month But Outdoes Rival Nio In January

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Li Auto Inc (NASDAQ: LI) on Tuesday outshone delivery numbers of close rival Nio Inc (NYSE: NIO) in January even as the two U.S. listed Chinese electric vehicle makers reported a sequential decline in volume amid the slow-sales season ahead of the Lunar New Year. What Happened: The Beijing, China-based Li Auto said it delivered 12,268 electric vehicles last month, a fall of 12.9% over December and a jump of 128.1% year-on-year.

...read full article on Benzinga

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