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Chinese electric vehicle maker Li Auto to raise $2 billion from U.S. investors in new equity offering

June 29, 2022
Source: thebharatexpressnews.com thebharatexpressnews.com
News Snapshot:
Li Auto’s Li One electric car is displayed at the Moonstar Global Harbor shopping mall in Shanghai, China, 10 May 2021. Cost Photo | Barcroft Media | Getty Images Chinese electric vehicle maker Li Auto said on Tuesday it plans to raise $2 billion from U.S. investors through an “on-the-market” equity offering, in which the price of the shares is determined. at the time of their sale. The funds will be spent to develop new technologies, including for self-driving, and for the development of future models, the Beijing-based company said in a filing with the Securities and Exchange Commission. A...
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