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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

- 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)

((yukun.zhang@thomsonreuters.com;))

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