On September 29, LI AUTO-W fell 3.15% in regular trading, trading at 44.32 HKD/share, with turnover of approximately HKD 199 million. The decline was primarily driven by a sharp sector-wide sell-off across automobile manufacturers during the afternoon session.

The Automobile Manufacturers sector experienced significant selling pressure. GEELY AUTO plunged 8.16%, XPENG-W fell 3.94%, BYD COMPANY dropped 3.80%, and LEAPMOTOR declined 3.37%, reflecting broad-based weakness across the board. Industry data showed domestic passenger vehicle retail sales declined year-on-year in early September, with analysts flagging relatively soft new energy vehicle demand this year, weighing on sector sentiment.

At the company level, LI AUTO-W has maintained an active share buyback program, repurchasing shares on multiple occasions in recent weeks. The company also continues to advance strategic initiatives including self-developed batteries targeting 5C and solid-state technologies, and its chip subsidiary Mach Intelligent Cores is pursuing a first round of external financing at a pre-money valuation of approximately RMB 15 billion. UBS recently initiated coverage with a Buy rating and a target price of HKD 67. However, these medium-to-long-term positives were overshadowed by short-term sector headwinds.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)