Li Auto announced on October 16, 2026, that its chip subsidiary, MHX Technology, secured its first external funding round. The round totaled RMB 1.625 billion, or approximately $242 million. Li Auto contributed RMB 1.0 billion to the financing. External investors provided the remaining RMB 625 million.
The deal includes an additional RMB 500 million investment option. This option would raise the post-money valuation of MHX Technology to $2.5 billion. Li Auto will maintain control over the subsidiary following the transaction.
The capital will fund the development and commercialization of in-house chips. MHX Technology plans to expand its chip applications into non-automotive sectors. The move strengthens Li Auto’s vertical integration and advanced technology platform.