LI AUTO-W (02015) declined over 3%, falling 3.48% to HK$98.45 as of press time, with trading volume reaching HK$471 million. On the news front, Li Auto announced its September delivery data on October 1st. Li Auto completed deliveries of 33,951 units in September, representing a 36.8% year-over-year decline, marking the fourth consecutive month of year-over-year decreases.

HSBC Research released a report stating that Li Auto launched its new medium-to-large five-seat pure electric SUV, the Li i6, at the end of last month, which has shown strong performance and is expected to drive a significant rebound in the company's fourth-quarter sales. HSBC Research maintained Li Auto's "Buy" rating, but considering pressure on EREV portfolio sales and pricing, the firm lowered its 2025-2027 sales forecasts by 22% to 31%, correspondingly reducing profit forecasts by 55%, 42%, and 31%. The Hong Kong stock target price was cut from HK$142 to HK$118, while the US stock target price was reduced from $36.5 to $30.3.