Li Auto Subsidiary Secures RMB 1.625 Billion for Chip Development

Li Auto Inc. announced that its subsidiary, Shanghai Mahe Xin Technology Co., Ltd. (MHX Technology), has entered into subscription agreements for equity financing totaling RMB 1.625 billion. The funding includes RMB 1.0 billion provided by Li Auto through a wholly-owned subsidiary and RMB 625 million from external investors, including Hangzhou Jingtao, Lanchi Ventures, Huaye Tiancheng, and MiraclePlus.

Hangzhou Jingtao holds a one-off right to invest an additional RMB 500 million by December 31, 2026. MHX Technology specializes in chips and domain controllers and intends to use the new capital to accelerate research, development, and commercialization, with a specific focus on expanding into non-automotive sectors.

To support these goals, the subsidiary is implementing two share incentive plans to attract and retain talent. Li Auto will maintain control of MHX Technology and continue to consolidate its financial results following the financing round.