Li Auto's Chip Unit to Raise $228 Million in Equity Financing

05:01 AM EDT, 10/16/2026 (MT Newswires) -- Li Auto (LI) said Friday its chip and domain controller subsidiary, Shanghai Mahe Xin Technology, will raise about 1.63 billion renminbi ($228 million) through equity financing. The company and its subsidiary will invest 1 billion renminbi, while external investors, including Hangzhou Jingtao, Lanchi Ventures, Huaye Tiancheng and MiraclePlus, will contribute 625 million renminbi, the company said. Hangzhou Jingtao also has the option to invest up to an additional 500 million renminbi by Dec. 31, the company said. Li Auto said it will retain control of the subsidiary and continue consolidating its financial results after the financing. The funding will support research, development and commercialization of the chip business, Li Auto said.