Li Auto Inc. Announces Equity Financing for Its Chip Business
Li Auto announced that its chip and domain controller subsidiary, MHX Technology, entered subscription agreements for equity financing totaling RMB1.625 billion. Li Auto is investing RMB1.0 billion alongside RMB625 million from external investors including Hangzhou Jingtao, Lanchi Ventures, Huaye Tiancheng and MiraclePlus, with an additional one-off right for Hangzhou Jingtao to invest up to RMB500 million more by December 31, 2026.
Key figures
- Deal Value Usd
- RMB1.625 billion
- Company investment
- RMB1.0 billion
- Jingtao option max
- RMB500 million
- Li auto post deal stake
- 74.01%
- Investors post deal stake
- 6.58%
- External investors investment
- RMB625 million
- Incentive plan entities stake
- 19.41%
AI analysis
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