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LI - Li Auto Inc. News Story

$18.26 0.3  1.5%

Last Trade - 07/05/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £23.65bn
Enterprise Value £20.57bn
Revenue £1.05bn
Position in Universe 399th / 6858

Li Auto Inc. Completes Offering of US$862.5 Million Convertible Senior Notes

Mon 12th April, 2021 9:05pm
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BEIJING, China, April 12, 2021 (GLOBE NEWSWIRE) -- Li Auto Inc. (Nasdaq: LI)
(“Li Auto” or the “Company”), an innovator in China’s new energy
vehicle market, today announced that it completed the offering (the “Notes
Offering”) of US$862.5 million in aggregate principal amount of its 0.25%
convertible senior notes due 2028 (the “Notes”), which included the
exercise in full by the initial purchasers in the Notes Offering of their
option to purchase up to an additional US$112.5 million in aggregate principal
amount of the Notes.

The Company plans to use the net proceeds from the Notes Offering for (i)
research and development of new vehicle models, including BEV models, (ii)
research and development of leading technologies, and (iii) working capital
and other general corporate purposes.

The Notes, the ADSs deliverable upon conversion of the Notes, if any, and the
Class A ordinary shares represented thereby have not been and will not be
registered under the Securities Act of 1933, as amended (the “Securities
Act”), or any state securities laws. They may not be offered or sold within
the United States or to U.S. persons, except to persons reasonably believed to
be qualified institutional buyers in reliance on the exemption from
registration provided by Rule 144A under the Securities Act and to certain
non-U.S. persons in offshore transactions in reliance on Regulation S under
the Securities Act.

This press release shall not constitute an offer to sell or a solicitation of
an offer to purchase any of these securities, nor shall there be a sale of the
securities in any state or jurisdiction in which such an offer, solicitation,
or sale would be unlawful.

About Li Auto Inc.

Li Auto Inc. is an innovator in China’s new energy vehicle market. The
Company designs, develops, manufactures, and sells premium smart electric
vehicles. Through innovations in product, technology, and business model, the
Company provides families with safe, convenient, and refined products and
services. Li Auto is a pioneer to successfully commercialize extended-range
electric vehicles in China. Its first model, Li ONE, is a six-seat, large
premium electric SUV equipped with a range extension system and cutting-edge
smart vehicle solutions. The Company started volume production of Li ONE in
November 2019 and delivered over 33,500 Li ONEs as of December 31, 2020. The
Company leverages technology to create value for its users. It concentrates
its in-house development efforts on its proprietary range extension system,
next-generation electric vehicle technology, and smart vehicle solutions.
Beyond Li ONE, the Company aims to expand its product line by developing new
vehicles, including BEVs and EREVs, to target a broader consumer base.

Safe Harbor Statement

This press release contains statements that may constitute
“forward-looking” statements pursuant to the “safe harbor” provisions
of the U.S. Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
“will,” “expects,” “anticipates,” “aims,” “future,”
“intends,” “plans,” “believes,” “estimates,” “likely to,”
and similar statements. Li Auto may also make written or oral forward-looking
statements in its periodic reports to the U.S. Securities and Exchange
Commission (the “SEC”), in its annual report to shareholders, in press
releases and other written materials, and in oral statements made by its
officers, directors, or employees to third parties. Statements that are not
historical facts, including statements about Li Auto’s beliefs, plans, and
expectations, are forward-looking statements. Forward-looking statements
involve inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the following: Li
Auto’s strategies, future business development, and financial condition and
results of operations; Li Auto’s limited operating history; risks associated
with extended-range electric vehicles, Li Auto’s ability to develop,
manufacture, and deliver vehicles of high quality and appeal to customers; Li
Auto’s ability to generate positive cash flow and profits; product defects
or any other failure of vehicles to perform as expected; Li Auto’s ability
to compete successfully; Li Auto’s ability to build its brand and withstand
negative publicity; cancellation of orders for Li Auto’s vehicles; Li
Auto’s ability to develop new vehicles; and changes in consumer demand and
government incentives, subsidies, or other favorable government policies.
Further information regarding these and other risks is included in Li Auto’s
filings with the SEC. All information provided in this press release is as of
the date of this press release, and Li Auto does not undertake any obligation
to update any forward-looking statement, except as required under applicable
law.

For investor and media inquiries, please contact:

Li Auto Inc.
Investor Relations
Email: ir@lixiang.com

The Piacente Group, Inc.
Yang Song
Tel: +86 (10) 6508-0677
Email: Li@tpg-ir.com

Brandi Piacente
Tel: +1 (212) 481-2050

Email: Li@tpg-ir.com




GlobeNewswire, Inc. 2021
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