HK Stock Market Move | LI AUTO (02015) dropped nearly 2% with November delivery volume down nearly 32% year-on-year.

LI AUTO-W (02015) fell nearly 2%, as of the time of writing, it fell 1.71%, reporting 69.1 Hong Kong dollars, with a turnover of 3.32 billion Hong Kong dollars. On the news front, new forces in the auto industry recently announced their delivery situation for November. Among them, Ideal Automobile delivered 33,181 vehicles in November, a year-on-year decrease of 31.92%, marking the sixth consecutive month of year-on-year declines. CMSIC International recently reported that Ideal Automobiles reported a net loss attributable to shareholders of 625 million RMB in the third quarter, the first time in three years, which was lower than the market's expected profit of 440 million RMB, mainly due to the impact of the MEGA recall. Excluding this impact, it basically meets expectations. The bank expects that the company's fundamentals will lack strong catalysts in the next four months, downgrading the rating to "neutral"; H-share target price reduced to 74 Hong Kong dollars. It is worth noting that on December 2, Ideal announced a strategic cooperation with Zeiss and released a smart eyewear product. It is reported that on December 3 at 19:30, Ideal will hold a conference to launch the AI glasses Livis. Previously, Li Xiang believed that smart glasses are the best artificial intelligence accessory for Ideal Automobile, hoping that Ideal's AI capabilities can have a more comprehensive coverage in the lives of Ideal Automobile users.