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Chinese electric vehicle maker Li Auto to raise $2B in US stock offering

June 29, 2022
Source: 247newsaroundtheworld.com 247newsaroundtheworld.com
News Snapshot:
The Li One electric car from Li Auto is displayed at the Moonstar Global Harbor shopping mall in Shanghai, China, May 10, 2021. Costfoto | Barcroft Media | Getty Images Chinese electric vehicle maker Li Auto said Tuesday that it plans to raise $2 billion from U.S. investors through an “at-the-market” stock offering, in which share prices are determined at the time they’re sold. The funds will be spent to develop new technologies, including for autonomous driving, and for the development of future models, the Beijing-based company said in a filing with the Securities and Exchange Commission. A company raising...
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