This is the second cut after Li Auto lowered its 2024 sales target from 800,000 units to 560,000-640,000 units.
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Li Auto has merged its sales and delivery teams to eliminate possible conflicts of interest between the two in order to better sell cars.
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Thousands of completed Li Megas are currently parked in the parking lot of Li Auto's Beijing plant, according to local media.
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Li Auto is reportedly undergoing massive layoffs that could involve more than 5,600 people, as sales fall short of expectations, according to local media.
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The actions of the two employees led to the leakage of the company's trade secrets, with serious consequences, Li Auto said.
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Li Auto CEO said the company is learning from Huawei's management process and benefit sharing system.
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At the end of 2022, Nio had 26,763 full-time employees, higher than Li Auto's 19,396 and Xpeng's 15,829.
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