Chinese EV maker Li Auto to invest in battery firm Sunwoda's unit
Chinese EV maker Li Auto to invest in battery firm Sunwoda's unit BEIJING, Sept 4 (Reuters) - Chinese electric vehicle maker Li Auto 2015.HK will invest 2.65 billion yuan ($394.89 million) in a subsidiary of battery maker Sunwoda Electronic 300207.SZ, a stock exchange filing showed on Friday.
Li Auto will gain an 8.79% stake in the subsidiary, Sunwoda Power Technology, after the capital increase, Sunwoda said in the filing.
($1 = 6.7108 Chinese yuan renminbi)
(Reporting by Yukun Zhang and Ryan Woo
Editing by Tomasz Janowski)
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