Stock Track | LI AUTO-W Plummets 5.06% Intraday Amid EV Supply Chain Cost Pressures

Stock Track04-24 10:22

LI AUTO-W's stock plummeted 5.06% intraday on Friday, as the electric vehicle maker faced selling pressure alongside a broader downturn in the automobile sector.

The decline was driven by escalating cost pressures across the EV supply chain. Lithium carbonate prices have rebounded sharply, automotive-grade memory chips remain in tight supply, and over 70 tire manufacturers have issued price increase notices. These factors have prompted more than 15 EV makers to announce product price hikes or reduce terminal discounts, raising concerns about margin compression and demand impact.

The overall automobile manufacturers sector saw broad negative sentiment during the session, with several major peers also trading lower.

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