On September 21, LI AUTO-W fell 3.2% in regular trading, trading at HKD 46.06/share, with turnover of HKD 186 million. The broader automobile manufacturing sector saw broad-based selling pressure.

On the news front, data from the China Passenger Car Association showed that national passenger vehicle retail sales for September 1-13 totaled 515,000 units, down 23% year-over-year, while new energy vehicle retail reached 362,000 units, down 10% year-over-year. The weak short-term sales figures weighed heavily on sector sentiment, with peers NIO declining 2.75%, XPENG falling 3.43%, and LEAPMOTOR down 0.59%.

At the company level, LI AUTO-W reported a first-half net loss of RMB 3.981 billion, with gross margin compressing sharply from 20.27% to 9.55% year-over-year, driven by production line retooling costs for its next-generation Mach intelligent platform. Market participants remain cautious about cost uncertainties tied to the ongoing self-developed battery capacity ramp-up and supply chain restructuring, even as the newly launched i9 flagship SUV priced at RMB 369,800 began nationwide deliveries on September 19.

(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.)