LI Investors Get Opportunity to Lead Li Auto Inc. Securities Fraud Trial

LOS ANGELES, July 2, 2024 /PRNewswire/ — Glancy Prongay & Murray LLP (“GPM”) Announces Investors Suffering Significant Losses Have the Opportunity to Lead Securities fraud Li Auto Inc. (“Li Auto” or “the Company”) (NASDAQ: (alive)

Class period: February 26, 2024 – May 20, 2024
Deadline for lead plaintiff: July 9, 2024

If you would like to serve as lead plaintiff in the Li Auto lawsuit, you can submit your contact information at www.glancylaw.com/cases/Li-Auto-Inc/. You can also contact Charles H. LinehanGPM at 310-201-9150, toll free at 888-773-9224, or via email at (email protected) to learn more about your rights.

Complaint filed claims that throughout the Claim Period, Defendants failed to disclose to investors that: (1) Li Auto overstated demand for its vehicles and the effectiveness of its operating strategy with respect to the launch of the Li MEGA model; (2) as a result, the Company is unlikely to achieve its Q1 2024 vehicle delivery estimates; (3) the foregoing, if disclosed, would be likely to have a material adverse effect on the Company’s financial condition; and (4) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

You do not need to take any action at this time to become a member of the class action; you may hire counsel of your choice or take no action and remain an absent member of the class action. If you would like to learn more about this class action or have any questions about this announcement or your rights or interests with respect to the pending class action, please contact Charles Linehan, EsquireGPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, toll free at 888-773-9224, by email at (email protected)or visit our website at www.glancylaw.com. If you wish to send an inquiry by e-mail, please provide your mailing address, telephone number and the number of shares purchased.

This press release may be considered attorney advertising in some jurisdictions under applicable law and ethical rules.

Communication
Glancy Prongay & Murray LLP, Los Angeles
Charles Linehan310-201-9150 or 888-773-9224
(email protected)
www.glancylaw.com

SOURCE Glancy Prongay & Murray LLP