On July 9, Li Auto-W fell 3.01% in regular trading, trading at HK$47.1 per share, with turnover of HK$215 million. The decline was driven by broad-based weakness across the automobile manufacturing sector, compounded by market concerns over surging raw material costs for the upcoming new-generation L6 model.

The auto sector saw widespread selling pressure, with BYD down 2.5%, Geely Auto down 5.69%, XPeng down 3.07%, Leapmotor down 3.85%, and Great Wall Motor down 3.54%. Meanwhile, reports indicate that the new-generation L6, scheduled for launch this month, faces per-vehicle cost increases exceeding RMB 14,000 due to soaring storage chip and lithium carbonate prices. Specifically, battery costs rose over RMB 8,000 from capacity upgrades and lithium price rebounds, automotive-grade memory costs surged nearly RMB 4,000 amid AI-driven supply constraints, and Qualcomm 8797 chip costs increased over RMB 2,000. The market is concerned that potential price hikes may undermine the models competitiveness in the highly contested RMB 250,000 segment.

(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.)