智通财经网·2025-10-03 06:16Core Viewpoint - Li Auto's stock has declined over 3% following the release of disappointing delivery data for September, indicating ongoing challenges in sales performance [1] Group 1: Delivery Performance - In September, Li Auto delivered 33,951 vehicles, representing a year-on-year decrease of 36.8%, marking the fourth consecutive month of decline [1] Group 2: Analyst Ratings and Forecasts - HSBC Research has maintained a "Buy" rating for Li Auto, citing strong initial performance of the newly launched Li Auto i6, a mid-to-large five-seat electric SUV, which is expected to significantly boost sales in Q4 [1] - However, due to pressures on the EREV model's sales and pricing, HSBC has revised its sales forecasts for 2025 to 2027 down by 22% to 31%, and corresponding profit forecasts down by 55%, 42%, and 31% [1] - The target price for Li Auto's stock has been adjusted from HKD 142 to HKD 118 for the Hong Kong market, and from USD 36.5 to USD 30.3 for the US market [1]