Li Auto Shares Face Mounting Pressure Amid Safety Recall and Delivery Woes

Chinese electric vehicle manufacturer Li Auto is confronting a severe market downturn as a major vehicle recall compounds existing operational challenges. Investor confidence has been shaken, triggering a wave of selling activity that shows no signs of abating.

Market data reveals a concerning picture for Li Auto’s stock performance. The equity recorded its fifth consecutive daily decline on Thursday, falling 2.34% to close at $20.49. This extends a troubling pattern that has seen eight negative sessions within ten trading days, culminating in a cumulative drop of 9.22%.

Trading activity showed increased volatility with shares moving between $20.355 and $20.68, representing a 1.60% intraday range. Volume surged by 487,270 shares to reach $96.86 million. Technical analysis Read more...