Li Auto (ADR)

HSBC lowered Li Auto to Hold from Buy and cut its price target to $18.60 from $30.30, citing significant recalls, delivery problems and declining sales as signs of serious operational issues. The bank slashed earnings forecasts by about 82%, flagging falling margins and an uncertain outlook for 2026. Goldman Sachs also trimmed its price target to $27 while keeping a Buy rating. Li Auto reported a 36% drop in third-quarter revenue, a 39% fall in deliveries to 93,211 units and a quarterly loss of RMB625 million. » More on finance.yahoo.com

Li Auto is recalling 11,411 MEGA models built between 18 February and 17 December 2024 because a coolant used lacks sufficient corrosion resistance. In extreme cases this could lead to thermal runaway of the drive battery. The recall follows a fire incident involving a MEGA vehicle in Shanghai earlier this month; Li Auto apologized on its social-media channel. » More on de.investing.com

Li Auto has launched the new i6 with a starting price of 249,800 yuan; deliveries begin on Saturday. The car is available in rear-wheel and all-wheel drive versions and comes standard with AD Max autonomous driving technology based on Nvidia Thor, LiDAR sensors, and 5C fast-charging capability. Early buyers who order by October 31 receive a 10,000 yuan discount and free optional equipment worth 25,000 yuan, including air suspension, an onboard refrigerator, and electric soft-close doors. » More on de.investing.com