Li Auto to list in Hong Kong, reveals product plans
Beijing (Gasgoo)- Li Auto, an innovator in China’s new energy vehicle market, has passed the listing hearing of the Hong Kong Stock Exchange, likely to become the second Chinese electric vehicle startup listed on Hong Kong Exchanges and Clearing Ltd (HKEX) after XPeng Motors.
At the end of July, 2020, Li Auto’s shares began trading on the Nasdaq Global Select Market under the symbol "LI." One year later, it filed for HK listing through a second initial public offering (IPO) method.
According to a stock exchange filing on Monday, Goldman Sachs and CICC serve as Li Auto’s HK listing co-sponsors while UBS is its financial consultant. But the timing and size of the listing were not disclosed in the filing.
Li Auto's product plan; photo credit: stock exchange filing
Li Auto also unveiled its product plans in the filing. In 2022, it will launch the first model on its X platform, a full-size premium range-extended electric SUV, followed by two range-extended SUVs built on the X platform in 2023.
The automaker is also investing in battery electric vehicle technologies. And it wants to develop battery electric vehicles with super fast charging capabilities. From 2023 on, the company aims to launch at least two high voltage battery electric vehicle models per year based on its Whale and Shark platforms. With its high-power charging network, charging will become faster, cheaper, and more accessible, the company added.
2021 Li ONE; photo credit: Li Auto
Currently, Li Auto only has one model for sale, the Li ONE. By the end of June, 2021, the company has delivered more than 63,000 vehicles since deliveries started in December, 2019.
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