Li Auto stated the data circulating on the Web about it signing a take care of an Uzbek firm is fake.
(Picture credit score: CnEVPost)
As Chinese language electrical autos (EVs) have gained widespread curiosity, fraudulent actions have begun to emerge.
Beijing-based Li Auto (NASDAQ: LI) stated at this time that its title was fraudulently used to signal a gross sales take care of an Uzbek firm, and that it has reported the incident to public safety authorities.
Earlier at this time, a number of pictures circulating on Weibo and WeChat confirmed Li Auto signing up for a gross sales authorization with an Uzbek firm referred to as Yas Auto on April 12 in Hangzhou, Zhejiang province.
These pictures present folks suspected to be from Yas Auto visiting Li Auto’s manufacturing facility in Changzhou, Jiangsu province.
(Picture credit score: @德卤爱开车 on Weibo)
In a Weibo assertion, the corporate’s authorized division stated that latest pictures circulating on the Web of Li Auto signing a take care of an Uzbek firm had been false.
The photographs displaying the signing of a gross sales authorization in Uzbekistan will not be an official act of Li Auto, and they’re an try to create and disseminate false info below the corporate’s title, the assertion stated.
Li Auto has not organized and hosted any manufacturing facility excursions for sellers, it stated, including that it has collected proof and reported the case to the general public safety authorities concerning the outline of the individuals who allegedly entered Li Auto’s manufacturing facility for a tour.
The small print are topic to the end result of the police investigation, the corporate stated.
Li Auto has but to enter abroad markets, and its founder, chairman and CEO Li Xiang stated in July 2023 that the corporate wouldn’t enter abroad markets earlier than 2025.
Within the first two weeks of July 2023, greater than 200 of Li Auto’s autos had been privately exported, Li stated on the time, including that the corporate discovered that Central Asia and the Center East had been the primary locations to which these autos had been exported.
Notably, Li Auto seems to have accelerated its transfer abroad, saying in a February 26 earnings name that it has established a presence within the Center East, launching the recruitment of an area gross sales and repair crew in Dubai.
Li Auto plans to ascertain a devoted after-sales service community in Central Asia and the Center East within the first half of this 12 months, its administration stated within the name.
Li Auto reportedly lowers 2024 gross sales goal to 560,000-640,000 automobiles