chip funding

Li Auto chip unit seeks first outside funding at $2.2 billion pre-money valuation

Li Auto's chip subsidiary is pursuing its first external funding round at a pre-money valuation of about 15 billion yuan ($2.22 billion), aiming to raise several billion yuan. The move follows Nio's chip unit Shenji, which closed a 2.257 billion yuan first round in February, as Chinese EV makers spin off semiconductor operations.