Elon Musk’s automaker has been backsliding in China for the past five consecutive months on a year-on-year basis.

Li Auto’s Q1 revenue guidance forecasts a YOY decline between 8.7% and 3.5%, marking its first revenue decline in years.

Sources say the new EV will be a smaller Model Y, with mass production starting in 2026. Local rivals like BYD are eroding ...

The company is developing a lower-cost Model Y, internally known as "E41," with production expected to begin in Shanghai by ...

The US company’s share of the world’s largest EV market has dropped to 4.3 per cent from more than 16 per cent in 2022.