Shanghai Mahe Xin Technology Co., Ltd., a wholly-owned subsidiary of Li Auto Inc. dedicated to its chip and domain controller business, entered into subscription agreements for equity financing totaling RMB1.625 billion. The Company will invest RMB1.0 billion through a wholly-owned subsidiary, while external investors including Hangzhou Jingtao, Lanchi Ventures, Huaye Tiancheng, and MiraclePlus will contribute RMB625 million. Additionally, Hangzhou Jingtao Additional Investor has been granted a one-off right to invest up to RMB500 million by December 31, 2026. The financing supports MHX Technology's R&D and commercialization efforts in non-automotive sectors. Li Auto Inc. designs, develops, manufactures, and sells premium smart electric vehicles.
