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LI - Li Auto Inc. News Story

$18.82 -0.6  -3.1%

Last Trade - 05/05/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £25.31bn
Enterprise Value £22.24bn
Revenue £1.05bn
Position in Universe 375th / 6846

BUZZ-China's Li Auto secures $750 mln capital raise, shares up

Thu 8th April, 2021 2:04pm
** U.S.-listed Li Auto Inc  LI.O  shares up 3.4% at $22.98
premarket after Chinese EV maker raises capital
    ** Co prices $750 mln 0.25% 7-yr convertible bond deal
 urn:newsml:reuters.com:*:nGNX5zMl5N
    ** Conversion price of $28.34 represents 27.5% premium to
ADSs last sale
    ** Co to use net proceeds of ~$734 mln for R&D of
next-generation EV models, including next battery EV platform,
among other uses
    ** Capital raise comes a week after co said delivered 4,900
Li ONEs in Mar, ~239% yr/yr increase, bringing Q1 deliveries to
12,579, up 334% yr/yr  urn:newsml:reuters.com:*:nGNX2Jcsgc
    ** U.S.-listed shares fell 13% on Weds and have ~$20 bln
market cap, per Refinitiv data
    ** Shares off ~23% YTD, but still double Jul IPO price of
$11.50

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))
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