LI AUTO-W (02015) saw its stock price plummet 5.96% during Wednesday's intraday trading session.

The decline comes amid growing concerns over rising input costs for automakers. A recent HSBC report highlighted that sharp increases in prices for upstream raw materials, particularly metals and memory chips, are expected to impose significant cost pressures on car manufacturers in the short term. The rise in memory chip prices alone could add 1,000 to 3,000 yuan to vehicle production costs, directly squeezing profit margins for electric vehicle makers like Li Auto.

Additionally, the stock was likely under pressure following a downgrade by Goldman Sachs. The investment bank moved its rating on Li Auto to neutral from buy and cut its price target, a move that contributed to selling pressure in the previous session and may have continued to weigh on investor sentiment.