Li Auto apologizes for the MEGA fire incident
Wallstreetcn·
- A fire incident involving a MEGA vehicle in Shanghai has raised concerns for the company, leading to an apology and ongoing investigations.
- The company identified a defect in the coolant's corrosion resistance, prompting a recall of 11,411 vehicles and a significant financial impact estimated in the hundreds of millions.
- As the company faces declining sales and market pressure, it aims to restore consumer confidence through proactive measures and improved risk management strategies.