Li Auto Cuts Q2 Delivery Outlook to 108,000 Vehicles
Li Auto (LI) said Friday it now expects to deliver about 108,000 vehicles in Q2, down from its earlier forecast of 123,000 to 128,000 units.
The revised guidance reflects a temporary disruption from upgrading its sales system to support long-term growth, the company said.
It aims to complete its organizational upgrade ahead of the Li i8 launch to prepare for its next product cycle, Li Auto said.
Shares of the company were down by more than 3% in recent Friday premarket activity.
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