U.S. Stock Market News | New Energy Vehicle Stocks Decline, Li Auto Drops Over 14%
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New energy vehicle stocks are generally falling, with Li Auto falling by more than 14% to $18.16. The company's adjusted net profit for the second quarter was 1.503 billion yuan, a year-on-year decrease of 44.9%; revenue was 31.678 billion yuan, a year-on-year increase of 10.6%. The third-quarter delivery volume is expected to be between 145,000 and 155,000 vehicles, with revenue of 39.4-42.2 billion yuan, a year-on-year increase of 13.7%-21.6%. At the same time, the stock prices of XPeng, Nio, Rivian, and Tesla have also experienced varying degrees of decline
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