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

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

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