[Li Auto's Chip Unit Secures $230M, Eyes $2.4B Valuation with Further Investment]

Published: Oct 16, 2026 18:34 (GMT+8)
Li Auto (02015.HK) announced that its chip subsidiary Shanghai Mahexin Technology Co., Ltd. has signed a first-round equity financing agreement, raising 1.625 billion yuan. This round was led by Hangzhou Jingtao, BlueRun Ventures, and Huaye Tiancheng, with MiraclePlus participating as an investor. In addition, Hangzhou Jingtao and its affiliated funds have been granted an additional subscription right of up to 500 million yuan. If this subscription right is fully exercised, the post-investment valuation will reach 17.1 billion yuan. This financing will support Mahexin Technology in advancing its chip R&D and commercialization, seizing broader industry opportunities, especially in non-automotive sectors, and driving Li Auto's long-term development in chips and domain controllers.

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