• LI last traded at $17.80 (+1.19%) on December 05, with after-hours at $17.82.
  • HSBC downgraded Li Auto from Buy to Hold, cutting its price target to $18.60.[1]
  • HSBC slashed 2025 earnings forecast by 82% to RMB921 million on volume and pricing pressure.[1]
  • Recent Q4 2025 outlook implies a 37%–30.7% drop in deliveries and 40.1%–34.2% revenue decline.[2]
  • Shares trade near 52‑week lows after >40% six‑month slide, reflecting recall, competition, and BEV pivot risks.[1][2][3]