Li Auto (LI.US) saw its shares decline more than 2% on Tuesday, trading at $16.56. This movement followed recent reports suggesting the company planned to shutter approximately 100 underperforming retail locations in the first half of 2026, which had drawn significant market attention. In response, the company has officially stated that recent online rumors about Li Auto conducting mass store closures and layoffs are completely false. The automaker clarified that while it will close a small number of underperforming mall-based stores this year, this does not involve any large-scale shutdowns.
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