Li Auto, a Chinese electric vehicle manufacturer, is facing allegations of securities fraud after its stock price declined significantly. The company has been accused of misleading investors about its sales and financial performance, leading to a sharp drop in its stock value.

The allegations have raised concerns about the company's transparency and credibility, and have sparked an investigation by both Chinese and international regulatory authorities. Li Auto has denied the allegations and stated that it is fully cooperating with the authorities to address the issue.

Investors are closely monitoring the situation, as any findings of securities fraud could further harm the company's stock price and reputation. Li Auto will need to address these allegations and take appropriate action to regain the trust of investors and stakeholders.