US Stock Market Move | The new L9 Livis model is priced too high, causing Li Auto, Inc. Sponsored ADR Class A (LI.US) to plummet nearly 10% at the opening.

On Monday, Li Auto, Inc. Sponsored ADR Class A (LI.US) fell nearly 10% in early trading, accumulating a 16% decline over the past 3 days, now trading at $16.72. On the news front, just a week ago, the next generation L9 Livis version from Ideal was launched with a high profile pricing of 50.98 million yuan. The reason for today's sharp decline is generally attributed by Wall Street analysts to the high pricing of the new L9 Livis version and the company's continued pressure on fundamentals: a year-on-year net profit plunge of 85.8% in 2025, continuous decline in sales of main vehicle models, disruption of the once high gross profit and high certainty growth logic, compounded by industry price wars, profit squeeze due to rising costs, and market concerns about the company's slower than expected progress in pure electric transformation, ultimately triggering panic selling of funds and a significant drop in stock prices.