ChipsCnEVPostabout 3 hours ago
Li Auto Secures $242 Million for Chip Unit
3 min read
Li Auto announced a financing deal for its Mach chip business on Friday, securing 1 billion yuan from the company and 625 million yuan from external investors. The subsidiary Shanghai Mahe Xin Technology Co Ltd signed agreements totaling 1.625 billion yuan ($242 million). External investors include Hangzhou Jingtao, Lanchi Ventures, Huaye Tiancheng and MiraclePlus.
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