On the evening of September 7, the Li ONE was again reported to have a broken axle incident. The owner said that the car was running normally and there was no collision.
In response, Li Auto released a Weibo post stating that the accident site investigation and traffic recorder playback showed that the user was not paying attention to the road ahead when it was raining and hit the concrete flower bed in the middle of the road at a speed of 51km/h.
Li Auto's after-sales team confirmed the cause of the accident with the customer at the scene, and the owner of the vehicle has applied for insurance to repair the damage, as well as providing clarifications in Li Auto's customer chat groups.
On July 30 this year, Li Auto was successfully listed on the Nasdaq. The company made a public offering of 95 million American Depositary Shares (ADSs), priced at $11.50 per share.
Li Auto became the second Chinese electric vehicle startup to land on US stocks after NIO.
In the second quarter of 2020, the company delivered 6,604 vehicles, up 128% from 2,896 vehicles in the first quarter of 2020.
CICC initiates coverage of Li Auto with 'outperform' rating and price target of $21.50
Li Auto shares went up by 8 percent since IPO.
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