Li Auto's chip subsidiary has completed its first-round financing agreement of 1.625 billion yuan, with a maximum post-money valuation of 17.1 billion yuan.

36Kr has learned that Li Auto has announced that its chip subsidiary, Shanghai Mahexin Technology Co., Ltd., has signed the agreement for its first round of equity financing, with a total financing amount of RMB 1.625 billion. This financing round is led by Hangzhou Jingtao, BlueRun Ventures and Huaye Tiancheng, with MiraclePlus participating in the investment. Meanwhile, Hangzhou Jingtao and its affiliated funds are granted an additional subscription right of up to RMB 500 million. If the subscription right is fully exercised, the post-investment valuation will reach RMB 17.1 billion.