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Li Auto Cuts Q3 Delivery Outlook as Supply Chain Issues Bite

MT Newswires ·  09/27 20:14

08:13 AM EDT, 09/27/2022 (MT Newswires) -- Li Auto (HKG:2015) slashed its delivery guidance for the third quarter of 2022, citing supply chain challenges.

The Chinese electric carmaker said that it now expects to deliver 25,500 vehicles in the July-to-September period, down from a previous forecast of between 27,000 and 29,000 units.

"The revision is a direct consequence of the supply chain constraint, while the underlying demand for the company's vehicles remains robust," Li Auto said in a bourse disclosure. "The company will continue to closely collaborate with its supply chain partners to resolve the bottleneck and accelerate production."

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