NEW YORK, Jan. 21, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors in Li Auto Inc. (“LI Auto” or the “Company”) LI. Those investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.

The investigation concerns whether Li Auto and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

[Click here for information about joining the class action]

On December 9, 2022, Li Auto announced third-quarter operating results. Revenue missed analyst estimates by 2.5%, while earnings per share also missed analyst estimates by 40%. Gross margin was 12.7% in the third quarter of 2022, compared to 23.3% in the third quarter of 2021.

As a result of this news, the price of Li Auto’s American Depositary Share (“ADR”) fell $2.98 per ADR, or 12.37%, to close at $21.12 per ADR on December 9, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris and Tel Aviv, is recognized as one of the leading law firms specializing in corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, best known as Dean of the Class Bar Association, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he founded and fights for the rights of victims of securities fraud, fiduciary breaches and corporate wrongdoing. The firm has recovered numerous multi-million dollar claims on behalf of group members. See www.pomlaw.com.

CONTACT:
Robert S Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980