LI AUTO-W (02015) fell nearly 3%, extending its decline to over 20% in the past month. At the time of writing, the stock was down 2.72% to HKD 78.7, with a turnover of HKD 731 million.

The company reported October 2025 deliveries of 31,767 vehicles, marking a year-on-year decline of approximately 38%. Additionally, LI Auto recently announced a recall of its MEGA 2024 models, drawing market attention. The recall involves vehicles with insufficient coolant corrosion resistance, which under certain conditions may lead to leaks in the cooling system's aluminum plates for the battery and front motor controller. This issue could trigger warning lights, power limitations, or failure to start, and in extreme cases, may cause thermal runaway in the battery pack, posing safety risks.