Li Auto Stock Drops Over 2% As EV Maker Begins Deliveries of Li L6

Tiger Newspress04-24

Li Auto has begun deliveries of the Li L6, its cheapest model with high hopes.

Li L6 deliveries began on April 24, with the first owners picking up their vehicles at delivery centers in 68 cities, the company announced today.

Launched on April 18, the Li L6, a luxury mid-size SUV for young families, crossed 10,000 orders in 72 hours of launch, Li Auto said, repeating earlier information.

Li Auto also said that there will be no price cuts for the Li L6, despite recent price cuts for other models.

Li Auto shares dropped 2.1% in morning trading.

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