Chinese carmaker Li Auto Inc.’s second-quarter loss widened as the cost of making and selling electric vehicles took their toll on the company’s bottom line.
Li Auto posted net loss of 235.5 million yuan ($36.4 million), compared to a 75.2 million yuan shortfall a year earlier, the Beijing-based company said in a statement Monday. Analysts had been looking for a 38 million yuan profit. Revenue for the period was 5.04 billion yuan, in line with analyst estimates of 5.01 billion yuan.
"auto" - Google News
August 30, 2021 at 04:58PM
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Li Auto Loss Widens as Cost of Making, Selling EVs Takes a Toll - Bloomberg
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