News Snapshot:
Li Auto, the Chinese smart electric vehicle (EV) start-up, has forecast a sharp fall in its deliveries in the second quarter, as strengthened virus control and prevention measures further constrain the supply chain. The Beijing-based rival to Tesla expects to ship between 21,000 to 24,000 vehicles from April to June, compared to 31,716 in the first quarter – representing a decline of between 24.3 per cent and 33.8 per cent. “While the recent pandemic resurgence and associated supply-chain interruptions have been challenging for our industry, and uncertainty remains in the near future, we are confident of the resilience of our...
