Understanding the Market | Li Auto-W fell over 4% again, with a cumulative decline of nearly 18% in the past two days as the market worries about the high pricing of the new L9 Livis version
LI Auto-W fell over 4% again, as of the time of publication, down 4.24% to HKD 62.15, with a transaction volume of HKD 1.388 billion. In terms of news, LI Auto released the LI L9 Ultra and L9 Livis, with a nationwide unified retail price of RMB 459,800 for the Ultra version and RMB 509,800 for the LIvis version, officially starting deliveries on May 17. On Monday, LI Auto's US and Hong Kong stocks collectively plummeted. It is reported that Wall Street analysts attributed the sharp drop in stock price to the high pricing of the new L9 Livi version and the continued pressure on the company's fundamentals: a year-on-year net profit drop of 85.8% in 2025, continuous decline in sales of main models, the previously high gross margin and high certainty growth logic being broken, compounded by industry price wars, rising costs leading to profit squeeze, and market concerns about its pure electric transformation progress being below expectations, ultimately triggering panic selling by investors, leading to a significant drop in stock price
According to Zhitong Finance APP, Li Auto-W (02015) has fallen over 4% again, down 4.24% as of the time of writing, priced at HKD 62.15, with a transaction volume of HKD 1.388 billion.
In terms of news, Li Auto has launched the Li Auto L9 Ultra and L9 Livis, with a nationwide unified retail price of RMB 459,800 for the Ultra version and RMB 509,800 for the LIvis version, officially starting deliveries on May 17. On Monday, Li Auto's US and Hong Kong stocks collectively plummeted.
It is reported that Wall Street analysts attribute the sharp decline in stock prices to the high pricing of the new L9 Livi version and the continued pressure on the company's fundamentals: a year-on-year net profit drop of 85.8% in 2025, continuous decline in sales of main models, the previously high gross margin and high certainty growth logic has been broken, compounded by industry price wars, rising costs leading to profit squeeze, and market concerns about its pure electric transformation progress falling short of expectations, ultimately triggering panic selling of funds and causing a significant drop in stock prices
