** Shares of Li Auto 2015.HK fall 5.1% to HK$106.6, set for the biggest one-day pct drop since April 7
** Stock leading slide in Hong Kong-listed Chinese electric vehicle makers
** HSBC keeps "buy" rating on stock on solid execution and pick up of NEV product cycle; cuts TP to HK$142 from HK$150, citing lower volume outlook amid rising competition among others
** HSBC cuts TP on Li Auto's U.S. shares LI.O to $36.5 from $38.5
** UOB Kay Hian maintains "buy" but cuts TP to HK$145 from HK$160
** Y/Y, Li Auto's May vehicles delivery rose 16.7%, BYD's 1211.HK new energy vehicle sales volume up 15.3%, NIO 9866.HK delivery up 13.1%
** China called on Saturday for its automotive industry to halt brutal price wars, as a threat to the sector's health and sustainable development, after key executives jousted over pricing pressure following large discounts offered to buyers
** Hong Kong stocks of Geely 0175.HK, Great Wall Motor 2333.HK, Xpeng 9868.HK, BYD Co, NIO, Guangzhou Automobile 2238.HK fall between 1.4% and 4%
** Hang Seng Automobile Index .HSAMI declines 2.2%, Hang Seng Tech Index .HSTECH falls 1.9%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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