Li Auto announces RMB1.625 billion chip financing

• Li Auto's chip subsidiary MHX Technology signed equity financing agreements totaling RMB1.625 billion, including RMB1 billion from Li Auto.
• External investors committed RMB625 million, while an additional investor secured an option to invest up to RMB500 million before December 31, 2026.
• Li Auto said the financing will support chip research, development and commercialization, including potential applications outside the automotive industry.

Li Auto (NASDAQ:LI) announced that its chip subsidiary MHX Technology signed equity financing agreements totaling RMB1.625 billion to support semiconductor development and commercialization.

The financing combines RMB1 billion investment from Li Auto through a wholly-owned subsidiary with RMB625 million committed by external investors, bringing additional outside capital into the chip business.

Under the agreements, Hangzhou Jingtao Additional Investor received a one-off right to invest up to RMB500 million by December 31, 2026, at the same subscription price.

MHX Technology will also introduce two share incentive plans, while Li Auto will retain control and continue consolidating the subsidiary's financial results after the financing.

Li Auto said the investment will support chip commercialization and potential expansion beyond automotive applications

Li Auto develops electric vehicles and related technology, including proprietary vehicle systems, smart driving solutions and other components used across its product lineup.

The company delivered 31,817 vehicles in September 2026, bringing cumulative deliveries to 1,833,651, while also expanding its electric vehicle lineup and updating its driver assistance software.