Shen has reduced his holdings of Li Auto shares several times since last December.

Shen has served as president of Li Auto since November 2015 and is responsible for the company's overall strategy, business development, supply chain management, and sales and marketing.

Prior to joining Li Auto, he served as vice president of Lenovo, where he was responsible for global supply chain operations.

Li Auto made a secondary listing in Hong Kong on August 12 last year by way of a dual primary listing.

So far this year, Li Auto's stock traded in Hong Kong is down about 16 percent.

Li Auto is currently in the midst of a transition between old and new models, causing it to take a hit in recent deliveries.

Li Auto delivered 4,571 vehicles in August, the second-lowest so far this year behind April's 4,167 when its supply chain was hit hard by Covid lockdowns.

This was down 56 percent from 10,422 vehicles in July and 52 percent from 9,433 vehicles in the same month last year.

Li Auto deliveries fall to 4,571 units in Aug as new models may have held back potential consumers' plans