LI AUTO-W (02015) experienced a decline of nearly 4% during the early trading session, currently down 2.99% at HKD 84.3, with a trading volume of HKD 1.062 billion. According to reports from Sanxiang City News, a LI MEGA vehicle caught fire unexpectedly while driving in the Xuhui District of Shanghai late on October 23, resulting in a complete loss of the vehicle. On October 24, The Paper reported that LI Auto responded to the fire incident, stating, "The vehicle doors opened smoothly during the incident, allowing the driver and all passengers to exit safely. We have dispatched personnel to the scene, and the fire department is also involved. We will actively cooperate with the investigation and take follow-up actions based on the findings." On October 1, LI Auto released its delivery data for September, reporting the delivery of 33,951 vehicles, a year-on-year decrease of 36.8%, marking four consecutive months of decline. HSBC Research issued a report stating that LI Auto's new mid-to-large five-seat electric SUV, the LI i6, which was launched at the end of last month, performed strongly post-launch and is expected to significantly boost sales in Q4. HSBC has maintained a "Buy" rating on LI Auto but has reduced its sales forecasts for 2025 to 2027 by 22% to 31% due to pressure in sales and pricing of the EREV lineup, leading to corresponding profit forecasts being downgraded by 55%, 42%, and 31% respectively.