Li Auto invests $395 million in Sunwoda battery unit

Investing.com -- Chinese electric vehicle manufacturer Li Auto will put 2.65 billion yuan ($394.89 million) into Sunwoda Power Technology, a subsidiary of battery producer Sunwoda Electronic, according to a stock exchange filing released today.

The investment will give Li Auto an 8.79% ownership position in Sunwoda Power Technology following the capital increase, Sunwoda stated in the filing.

You May Also Be Interested In

• TikTok owner ByteDance said to secure $29.6bn loan for AI push
• Zscaler (ZS) Reiterated at Overweight by JPMorgan on Beat and Raise Results
• Blackrock Private Credit Fund Names Jason Mehring As CEO