Chinese electric vehicle maker Li Auto on Monday lowered its guidance for the number of vehicles it would ship between July and the end of September from “between 27,000 and 29,000” to 25,500, citing issues with ongoing supply chain constraints. Demand for the company’s EVs remains strong, according to a Li Auto statement, although the company has been facing a backlash since late August from multiple customers following moves to phase out its first model the Li One with price reductions. [Li Auto statement]
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