Zhi Tong Cai Jing·2025-10-24 03:28Core Viewpoint - Li Auto's stock experienced a decline following a fire incident involving its vehicle, the Li MEGA, while the company faces challenges with declining delivery numbers and adjusted sales forecasts [1] Group 1: Incident Report - On October 23, a Li MEGA vehicle caught fire in Shanghai, but all passengers were able to exit safely [1] - The company is cooperating with fire department investigations and has sent personnel to the scene [1] Group 2: 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 3: Analyst Ratings and Forecasts - HSBC Research maintains a "Buy" rating for Li Auto, citing strong performance of the newly launched Li i6 electric SUV, which is expected to boost Q4 sales [1] - However, due to pressures on the EREV model's sales and pricing, HSBC has lowered its sales forecasts for 2025 to 2027 by 22% to 31%, and corresponding profit forecasts by 55%, 42%, and 31% [1]