Li Auto CEO presses Beijing to spur mergers among distressed EV makers

Li Auto showroom — A Li One EV on display at a showroom in Shanghai on Aug. 11, 2021. New-energy vehicle shipments to dealers are projected to increase 25 percent to 11 million this year, the China's Passenger Car Association predicts, a slowdown from 36 percent growth in 2023 and 96 percent in 2022. (BLOOMBERG)

By:

Bloomberg

February 21, 2024 02:31 PM

The head of Chinese electric vehicle maker Li Auto Inc. called on the government to boost mergers and acquisitions among distressed EV makers, warning that failed companies could cause significant social loss.

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