Li Auto's stock, traded under the ticker 02015 in Hong Kong, plummeted by 8.11% during intraday trading on Monday, underperforming the broader market.
The sharp decline in Li Auto's share price was primarily driven by the company's disappointing delivery numbers for January 2025. Li Auto delivered only 29,927 vehicles in January, a substantial drop from 31,165 vehicles delivered in January 2024 and 58,513 vehicles delivered in December 2024.
The weak January sales were not limited to Li Auto alone. Other Chinese electric vehicle (EV) manufacturers, including Great Wall Motor, NIO, BYD, and Geely, also experienced declines in their share prices, likely due to sluggish sales figures for the same month. Analysts attribute the industry-wide slowdown to factors such as cold weather conditions, an early Lunar New Year holiday, and a rush of deliveries in December 2024.
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