Umicore draws capex flak
The European battery metals processor remains under fire despite reining in spending
Analysts believe the fledgling Chinese automaker could top its quarterly forecast range
China’s Li Auto set another monthly sales record in May, topping 28,000 vehicles sold for a third consecutive month above 20,000 units. And the firm looks well set to at least threaten the upper end of its Q2 forecasts.
The firm has predicted second-quarter sales of 76,000 at a low estimate and 81,000 at a high. But combined April and May sales already stand at just under 54,000.
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