Li Auto Inc. Announces Equity Financing for Its Chip Business
Key Highlights
- ➤MHX Technology secures RMB1.625 billion equity financing for chip business
- ➤Li Auto (LI) invests RMB1.0 billion; external investors commit RMB625 million
- ➤Hangzhou Jingtao receives one-off right to invest up to RMB500 million
- ➤Li Auto will retain control and consolidate MHX Technology’s financial results
- ➤MHX Technology plans R&D, commercialization and expansion beyond automotive sectors
BEIJING, China, Oct. 16, 2026 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that Shanghai Mahe Xin Technology Co., Ltd. (“MHX Technology”), a subsidiary of the Company dedicated to its chip and domain controller business, entered into subscription agreements for equity financing totaling RMB1.625 billion (the “Subscription”). The Company, through a wholly-owned subsidiary, and external investors including Hangzhou Jingtao, Lanchi Ventures, Huaye Tiancheng and MiraclePlus (the “Investors”) will invest RMB1.0 billion and RMB625 million respectively.
In addition, Hangzhou Jingtao Additional Investor has been granted a right (“Hangzhou Jingtao Subscription Right”), on a one-off basis on or before December 31, 2026, to invest in MHX Technology at the same price per unit of increased registered capital as that under the Subscription, for an aggregate consideration of not more than RMB500 million.
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