Reported 5 months ago
Chinese automaker Li Auto is facing a class action lawsuit from US investors for allegedly overstating the demand for its vehicles, including the Li Mega minivan. The lawsuit claims that Li Auto revised its vehicle delivery outlook for the first quarter of 2024 due to lower-than-expected order intake, leading to losses for investors. Additionally, the lawsuit alleges that the company engaged in securities fraud by failing to disclose accurate information about its business operations and prospects.
Source: YAHOO