Li Auto Inc. Announces Results of Annual General Meeting
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Analysts watch closely as Chinese EVs battle for market share in Europe
June 1, 2023 10:24 AM EDTAs new EV competitors push into Europes mass market segment, how much market share will they be able to take? Analysts are keeping a close eye on the next 24 months for significant indicators of the potential risks that incumbent European automakers may face and the extent to which their market share could be at stake.
The annual sales of new cars in Europe far surpass $100 billion. With the increasing adoption of battery electric vehicles (BEVs) in Europe, the market will witness a steady flow of highly competitive offerings from established companies as well as new... More
Li Auto (LI) delivers over 28,000 vehicles in May, expects strong sales momentum
June 1, 2023 8:36 AM EDTChinese electric vehicle maker, Li Auto (NASDAQ: LI) announced Thursday that the company delivered 28,277 vehicles in May, up 146.0% year over year. Marking the automakers third consecutive month of delivering over 20,000 vehicles and its second straight month of delivering over 10,000 Li L7s. The cumulative deliveries of Li... More
Volkswagen COO says automaker will not join discount battle in China 'at any price'
May 31, 2023 7:52 AM EDTVolkswagen Chief Operating Officer Ralf Brandstaetter said in an interview released Wednesday that the German automaker would not participate in a discount battle in China "at any price".
"Volkswagen is focusing on a sustainable business model. In concrete terms, this means that we will not participate in the... More
