Li Auto Inc. (LI) Prices 47M ADS Follow-On Offering at $29/ADS

Li Auto Inc. (NASDAQ: LI), an innovator in China’s new energy vehicle market, today announced the pricing of its underwritten follow-on offering of 47,000,000 American depositary shares (“ADSs”), each representing two Class A ordinary shares of the Company, at a public offering price of US$29.00 per ADS. The underwriters will have a 30-day option to purchase up to an aggregate of 7,050,000 additional ADSs from the Company. The offering is expected to close on December 8, 2020, subject to customary closing conditions.

The Company expects to use the net proceeds from the proposed offering for research and development of (i) next-generation electric vehicle technologies, including high-voltage platform, high C-rate battery, and ultra-fast charging, (ii) the next BEV platform and future car models, and (iii) autonomous driving technologies and solutions, as well as for general corporate purposes.

Goldman Sachs (Asia) L.L.C., UBS Securities LLC, and China International Capital Corporation Hong Kong Securities Limited are acting as the joint bookrunners for the ADS offering.

This offering is being made only by means of a written prospectus forming a part of the effective registration statement.

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