Li Auto raises RMB1.625 billion for chip subsidiary MHX Technology

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Go back to Li Auto raises RMB1.625 billion for chip subsidiary MHX Technology

Li Auto Inc. Announces Equity Financing for Its Chip Business

October 16, 2026 4:31 AM EDT

BEIJING, China, Oct. 16, 2026 (GLOBE NEWSWIRE) -- Li Auto Inc. (Li Auto or the Company) (Nasdaq: LI; HKEX: 2015), a leader in Chinas 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... More