Li Auto’s semiconductor subsidiary is seeking its first external funding round at a pre-money valuation of approximately 15 billion yuan ($2.22 billion). The Chinese electric vehicle manufacturer aims to raise several billion yuan to advance in-house chip development.
The company established a separate corporate entity for the business in July to develop vehicle-side and cloud-based semiconductors. This move supports a broader vertical integration strategy.
Li Auto has already mass-produced the Mach M100, its first in-house chip featured in several recent models. External capital will accelerate research and development while supporting talent retention through equity incentives.
The initiative mirrors strategies by competitors like Nio, which also sought external investment for dedicated chip divisions.