Shares of Li Auto fell in pre-market trade in the U.S. on Monday after the Chinese electric carmaker cut its delivery guidance for the third quarter. Meanwhile, rival electric car companies Nio and Xpeng jumped as Beijing announced an extension of tax breaks for electric car purchases. Li Auto said that it now expects to deliver 25,500 vehicles in the third quarter down from a previous outlook of between 27,000 and 29,000 units. Shares of Li Auto were around 2% lower in pre-market trade. “The revision is a direct consequence of the supply chain constraint, while the underlying demand for the Company’s vehicles ... (full story)