Li Auto (2015.HK) declined 2% during Hong Kong trading to HK$47.10, hitting an intraday low of HK$47.08 and marking a one-month low. Volume rose to approximately 659,000 shares, above recent averages.

On Aug. 17, the company repurchased around 364,100 shares for approximately $2.26 million, signaling management confidence during the recent pullback. Broader pressure on Hong Kong-listed EV names followed overnight weakness in U.S. equities and semiconductor stocks, which dampened Asia-Pacific risk appetite.

Li Auto's market capitalization stands at roughly HK$96.8 billion. Investors are watching upcoming monthly delivery figures, new-model order momentum, and second-half gross margin trends for the next catalyst.