China’s Li Auto to cut prices on some L7 and L8 models

SHANGHAI (Reuters) – China’s Li Auto will lower the prices of some L7 and L8 2024 models, with the official price of the Ideal L7 Air to be lowered to 301,800 from 319,800 yuan, and the Ideal L8 Air cut to 321,800 from 339,800 yuan, according to a post on the automaker’s official social media on Tuesday.

(Reporting by Casey Hall; editing by Jason Neely)