Li Auto chip unit signs first funding deal at up to $2.5 billion post-money valuation
Li Auto will contribute 1 billion yuan and external investors 625 million yuan under the signed agreements.
Li Auto will contribute 1 billion yuan and external investors 625 million yuan under the signed agreements.
The chip uses BYD’s Xuanji A3 smart-driving chip as its computing hub and can support Level 2 through Level 4 driving systems.
Geely is evaluating the M97 chip, jointly developed by Nio and Axera, for a dual-chip L3 autonomous driving system.
Li Auto is moving to operate its chip and silicon carbide businesses independently and seek external customers, with some units planning to bring in outside capital.
SemiDrive’s cumulative automotive chip shipments have exceeded 14 million units, with its products reaching more than 90% of Chinese automakers.
Li Auto plans to raise several billion yuan for its chip business at a pre-money valuation of about 15 billion yuan ($2.22 billion).
Li Auto is moving to operate its chip and silicon carbide businesses independently and seek external customers, with some units planning to bring in outside capital.
SemiDrive’s cumulative automotive chip shipments have exceeded 14 million units, with its products reaching more than 90% of Chinese automakers.
Li Auto plans to raise several billion yuan for its chip business at a pre-money valuation of about 15 billion yuan ($2.22 billion).
Xiaomi said the Xring D100 is China’s first high-computing-power smart-driving chip built on a 3-nm process and can run models with up to 200 billion parameters locally.