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Li Auto ADRs Fall After 2Q Profit Drop

By MarketWatch   |   Aug 28, 2024 at 10:43 AM EST
Li Auto ADRs Fall After 2Q Profit Drop

Li Auto's ADRs dropped 11.5% after the company reported a significant profit decline in Q2 due to higher costs and lower prices, despite increased revenues. Net profit fell to 1.10 billion yuan, with revenue up by 11%.

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