Li Auto’s stock is trading lower after the company released a profit warning, indicating that its financial performance may fall short of previous expectations. The electric vehicle manufacturer attributed the revised guidance to lower-than-anticipated order volumes.

The company’s updated outlook has raised concerns among investors, prompting a sell-off of Li Auto shares. Market analysts are closely monitoring the situation to assess the potential impact on the company’s future growth prospects.

Factors contributing to the weaker order intake may include increased competition in the electric vehicle market and changing consumer preferences. Li Auto is expected to address these challenges by implementing strategies to boost sales and improve its market position.