FB Pixel no scriptCHINA BRIEF | EV maker Lixiang files for US IPO after closing USD 550 million Series D | KrASIA

CHINA BRIEF | EV maker Lixiang files for US IPO after closing USD 550 million Series D

Written by Song Jingli Published on     1 min read

The company has delivered 10,473 electric SUVs by the end of June since last November.

Beijing-based electric SUV maker Li Auto, also known as Lixiang in China, has filed for an initial public offering (IPO) on Nasdaq, according to its filing with the Securities and Exchange Commission (SEC) on Friday.

Prices of its American depositary shares and other details of this IPO have not been disclosed yet.

Founded in 2015, Li Auto has delivered 10,473 Li ONEs, six-seat electric SUVs equipped with a fuel-based range extension system, by the end of June since the company started to produce this model in November 2019.

The company closed its Series D round financing on July 1, bagging USD 550 million in total, according to this filing. Wang Xing, founder and chairman of China’s largest food delivery company Meituan-Dianping (HKG: 3690), is an investor for Li Auto, with a 23.5% stake and 9.3% voting power in the company founded by Li Xiang, who has a 25.1% stake and 70.3% voting power.

This article is part of KrASIA’s “China Brief” section, where KrASIA’s reporters will provide quick daily updates about the tech ecosystem in China.


Inside Grab’s SPAC mega-mergerInside Grab’s SPAC mega-merger


Grabbing the wheel: Inside the company that ran Uber off the road en route to the largest SPAC merger ever

By Brady Ng


  14 Apr 2021    10 mins read

See All

Auto loading next article...