Li Xiang, Chief Executive Officer of LI AUTO-W (02015.HK) -19.250 (-19.269%) Short selling $740.94M; Ratio 18.615% , said on an earnings conference call that there are no plans for any price cuts at the moment, and that the weekly order volume of the Li L7, Li L8 and Li L9 models are continuing to grow after adjusting the selling prices of its products in April.
LI AUTO-W expected to deliver 105,000-110,000 vehicles in 2Q24, representing a YoY increase of 21.3-27.1%, compared with the market consensus of about 130,700 vehicles.
1Q24 deliveries fluctuated QoQ, Chief Financial Officer Li Tie said. However, he was confident that deliveries would grow in the coming quarters, and that the Company would continue to invest in its R&D and sales & service network.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-21 16:25.)
