Li Auto Inc. (LI)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Li Auto Inc. (“Li Auto” or “the Company”) (NASDAQ: LI). Investors who purchased Li Auto securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Li Auto has violated federal securities laws.
Investigation Details:
On March 21, 2024, Li Auto issued a press release disclosing that, “[d]ue to lower-than-expected order intake, the Company now expects its vehicle deliveries for the first quarter of 2024 to be between 76,000 and 78,000 vehicles, revised from the previous vehicle delivery outlook of between 100,000 and 103,000 vehicles.” In addition, the Company stated their purported high-tech flagship family multipurpose vehicle, Li MEGA, had an operating strategy that was “mis-paced.” On this news, Li Auto’s American Depositary Share (“ADS”) price fell $2.55 per ADS, or 7.48%, to close at $31.53 per ADS on March 21, 2024.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Li Auto securities, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson