Li Auto Inc., a company headquartered in the Cayman Islands, is currently embroiled in a class action lawsuit in the U.S. District Court for the Eastern District of New York. The litigation, which commenced in May 2024, involves allegations of misstatements and omissions in the company's filings with the U.S. Securities and Exchange Commission regarding its business outlook. These actions are claimed to have violated Sections 10(b) and 20(a) of the U.S. Securities Exchange Act of 1934, and Rule 10b-5. The executive directors, including Mr. Li Xiang, Mr. Ma Donghui, and Mr. Li Tie, are named among the defendants. The cases were consolidated under the caption Banurs v. Li Auto Inc. in December 2024, with the lead plaintiff filing an amended complaint in March 2025 and a second amended complaint in June 2025. Li Auto has advised shareholders and investors to exercise caution when dealing with the company's securities as the legal proceedings continue.