Li Auto's Chip Subsidiary Completes First Funding Round Worth RMB 1.625 Billion, Post-Money Valuation Up to RMB 17.1 Billion

36Kr has learned that Li Auto announced its chip subsidiary, Shanghai Mach Heart Technology Co., Ltd., has signed a first-round equity financing agreement for RMB 1.625 billion. The round is led by Hangzhou Jingtao, Lanchi Ventures, and Huaye Tiancheng, with Qiji Chuangtan participating as an investor. Hangzhou Jingtao and its affiliated funds have also been granted additional subscription rights of up to RMB 500 million. If these rights are fully exercised, the post-money valuation will reach RMB 17.1 billion.