On September 15, LI AUTO-W fell 3.03% in regular trading, trading at HKD 46.08 per share, with turnover of HKD 282 million. The decline came amid a confluence of supply chain restructuring concerns and broader sector weakness.

On the news front, LI AUTO-W and Xiaomi were both reported to be adjusting their power battery supplier strategies on the same day. LI AUTO-W is pivoting away from CATL toward a self-developed battery technology route, bringing in CALB and Sunwoda to fill supply share under a co-development plus in-house production model. The company previously invested RMB 2.65 billion to become the second-largest shareholder of Sunwoda Power. While strategically significant for long-term cost control and supply chain autonomy, the restructuring raises near-term market concerns over cost management, capacity ramp-up stability, and production continuity during the transition period.

Industry headwinds compounded the pressure. CLSA projected September domestic passenger vehicle sales to decline approximately 24% year-over-year due to a high base from prior demand pull-forward, weighing broadly on auto stocks. Within the Automobile Manufacturers sector, XPENG-W fell 4.0%, LEAPMOTOR fell 2.93%, GEELY AUTO fell 2.47%, and BYD COMPANY fell 1.43%.

(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.)