Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Li Auto Inc. (“Li Auto”) (NASDAQ: LI) securities between February 26, 2024 and May 20, 2024, inclusive (the “Class Period”).
Li Auto is a Chinese electric vehicle company that markets, designs, develops, manufactures, and sells smart electric vehicles, including extended-range electric vehicles like its successful L series (Li L7, L8, and L9), and its first pure battery electric vehicle, the Li MEGA (“MEGA”).
The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Li Auto diverted vital resources away from the already successful L series toward the untested MEGA; (2) Li Auto had overstated the demand for its vehicles and the efficacy of its operating strategy in launching the MEGA; (3) accordingly, Li Auto was unlikely to meet its Q1 2024 vehicle deliveries estimate; and (4) as a result of the foregoing, Defendants’ statements about the company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On July 21, 2025, Defendants filed a Motion to Dismiss the Amended Complaint. The Motion has been fully briefed and is pending decision before the Court. This action is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.