Chinese EV maker Li Auto to invest in battery firm Sunwoda's unit

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A Li L6 by Li Auto is displayed at its booth during the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang

Chinese electric vehicle maker Li Auto (2015) will invest 2.65 billion yuan (HK$3.1 billion) in a subsidiary of battery maker Sunwoda Electronic, a stock exchange filing showed on Friday.

Li Auto will gain an 8.79 percent stake in the subsidiary, Sunwoda Power Technology, after the capital increase, Sunwoda said in the filing.

Reuters

Li Auto battery Sunwoda Electronic

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