Li Auto Faces Class Action Lawsuit Over SEC Filings

Li Auto, Inc. Class A ( (HK:2015) ) has provided an announcement.

Li Auto Inc. has announced that it is involved in a class action lawsuit filed in the U.S. District Court for the Eastern District of New York. The lawsuit alleges misstatements and omissions in the company’s filings with the U.S. Securities and Exchange Commission. While the company believes the lawsuit is without merit and intends to defend its position vigorously, it acknowledges that any adverse outcome could materially affect its business and operations. The board of directors does not currently believe the lawsuit will have a material adverse impact on the company, but they are closely monitoring the situation.

The most recent analyst rating on (HK:2015) stock is a Hold with a HK$100.00 price target. To see the full list of analyst forecasts on Li Auto, Inc. Class A stock, see the HK:2015 Stock Forecast page.

More about Li Auto, Inc. Class A

Li Auto Inc. operates in the automotive industry, focusing on the development and manufacturing of smart electric vehicles. The company is known for its innovative approach to integrating technology with automotive design, primarily targeting the Chinese market.

Average Trading Volume: 17,902,808

Technical Sentiment Signal: Buy

Current Market Cap: HK$234B

Find detailed analytics on 2015 stock on TipRanks’ Stock Analysis page.