China Growth Risks Mount as Property Stress Meets Weak Profits
according to cn wireLi Auto’s Q3 revenue fell 36.2% year-on-year due to weak deliveries, leading to a net loss in the third quarter. Vehicle deliveries fell 39% year-on-year to 93,211 units. The carmaker expects Q4 vehicle deliveries between 100,000 and 110,000, generating quarterly revenue of RMB26.5 billion and RMB29.2 billion. Profit margin pressures collide with…