Movement Alert｜LI AUTO-W Falls 3.01% in Regular Trading, UBS Downgrade Weighs on Sentiment

Market Focus10-22

On October 22, LI AUTO-W fell 3.01% in Regular Trading, trading at HK$44.5, with turnover of HK$30.516 million.

The direct catalyst was a rating downgrade by UBS to Neutral, with a target price of RMB27, which put near-term pressure on market sentiment.

Recent company developments had been supportive, including the launch of its Lianshan battery protection plan, the establishment of a battery technology unit in Shandong, a RMB1.625 billion first-round financing for its chip subsidiary, and disclosed plans to expand into European markets from 2027. However, the latest brokerage downgrade appears to have had a more immediate effect on trading, while the broader Hong Kong auto sector was also weak, with XPENG-W down 3.3%, LEAPMOTOR down 2.8%, BYD COMPANY down 2.18%, CHERY AUTO down 2.15%, and GEELY AUTO down 2.07%.

(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.)

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