Li Auto, which had secured the top sales spot among new energy vehicle startups with its outstanding performance last year, recently announced disappointing financial results. According to the financial report, in the third quarter of this year, Li Auto's revenue plummeted by 36.2% year-on-year, dropping to 27.4 billion yuan. Meanwhile, its record of consecutive profitable quarters also came to an end, with a net loss of 620 million yuan for the single quarter.
