Li Auto Inc. Announces Unaudited Second Quarter 2021 Financial Results
BEIJING, China, Aug. 30, 2021 -- Li Auto Inc. , an innovator in China’s new energy vehicle market, today announced its unaudited financial results for the quarter ended June 30, 2021.Operating Highlights for the Second Quarter of 2021. Deliveries of Li ONEs were 17,575 vehicles in the second quarter of 2021, representing a 166.1% year-over-year increase.Financial Highlights for the Second Quarter of 2021. Vehicle sales were RMB4.90 billion in the second quarter of 2021, representing an increa
Fed holds rates steady, but raises inflation expectations sharply and makes no mention of taper.
U.S. stocks dropped to their session lows on Wednesday after the Federal Reserve raised its inflation expectations and moved up the time frame on when it will hike interest rates next.The Dow Jones Industrial Average fell 320 points. The S&P 500 traded 0.7% lower after hitting an all-time high in the previous session. The tech-heavy Nasdaq Composite erased earlier gains and traded 0.5% lower.Nine out of 11 S&P 500 sectors traded in the red, led to the downside by communication services and finan