Li Auto (02015.HK) said its chip unit Shanghai Mahexin Technology signed a
first‑round equity financing agreement for 1.625 bln yuan led by Hangzhou
Jingtao, Lanchi Ventures and Huaye Tiancheng, with participation from Qiji
Chuangtan. Lead investors received a top‑up subscription right of up to 500 mln
yuan; if fully exercised the post‑money valuation would reach 17.1 bln yuan.
Proceeds will fund Mahexin’s chip R&D and commercialization, with emphasis on
non‑automotive applications, supporting Li Auto’s longer‑term chip and
domain‑controller strategy.
