Li Auto Inc. announces pricing for its global offering

BEIJING, China, Aug 06, 2021 (GLOBE NEWSWIRE) – Li Auto Inc. (Nasdaq: LI) (“Li Auto” or the “Company”), an NEV automaker in China, today announced the pricing of the ‘global offer (the “Global Offer”) of 100,000,000 class A ordinary shares of the Company (the “Offer Shares”), which includes an international offer (the “International Offer”) and a Hong Kong public offering (the “Public Offering of).

The final offer price for the International Offer and the Hong Kong Public Offer (the “Offer Price”) was fixed at HK $ 118.00 per Offered Share. Based on the ratio of two Class A common shares per Nasdaq-listed US custodian share (the “ADS”), the offering price translates to $ 30.36 per ADS based on an exchange rate from HK $ 7.7746 for USD 1.00.

In addition, the Company has granted an over-allotment option to international underwriters, which can be exercised by the joint global coordinators on behalf of the international underwriters, until the 30th day after the last day of filing of applications under the public offering. of Hong Kong, to require the Company to issue up to a total of 15,000,000 additional Offered Shares at the Offer Price.

Subject to the approval of the Hong Kong Stock Exchange Limited (the “Hong Kong Stock Exchange”), the Class A common shares of the Company are expected to begin trading on the Main Board of the Hong Kong Stock Exchange on or about Thursday August. December 12, 2021 under the stock market code “2015”. The Global Offer is expected to close on the same day, subject to customary closing conditions.

The net proceeds of the Global Offering for the Company, after deducting any subscription rebates and commissions and the estimated offering costs payable by the Company, are expected to be HK $ 11.6 billion (assuming that the over-allotment option is not exercised). The Company expects to use the net proceeds of the Global Offering for research and development of technologies, platforms and future HPC BEV models, intelligent vehicle and autonomous driving technologies, and future EREV models; expansion of production capacity, retail stores, delivery and service centers, deployment of the HPC network, as well as marketing and promotion; and working capital and other general corporate purposes.

Goldman Sachs (Asia) LLC and China International Capital Corporation Hong Kong Securities Limited are the global co-sponsors, co-coordinators, book-holders and co-leads of the Global Offering. UBS AG Hong Kong Branch is the financial advisor, joint global coordinator, joint bookrunner and joint lead manager of the global offering.

The International Offer is being made only by means of a prospectus supplement and the accompanying prospectus. The attached prospectus is included in an automatic pre-registration statement on Form F-3 filed with the United States Securities and Exchange Commission (the “SEC”) on August 2, 2021, which automatically came into effect on of the deposit. The registration statement on Form F-3 and the preliminary prospectus supplement dated August 2, 2021 are available on the SEC’s website at http://www.sec.gov. The final prospectus supplement will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. When available, copies of the Final Prospectus Supplement and the accompanying prospectus relating to the Offer may also be obtained from Goldman Sachs & Co. LLC, 200 West Street, New York, NY 10282-2198, Attention : Prospectus Department, by phone at + 1 (866) 471-2526 or by email at [email protected], China International Capital Corporation Hong Kong Securities Limited, 29th Floor, One International Finance Center, 1 Harbor View Street , Central, Hong Kong, by phone at + 852 2872-2000 or by email at [email protected], and UBS AG Hong Kong Branch, 52 / F, Two International Finance Center, 8 Finance Street, Central, Hong Kong, Equity Capital Market, by phone at +852 2971-8888 or by email at [email protected]

This press release does not constitute an offer to sell or the solicitation of an offer or an invitation to buy any securities, and there will be no offer or sale of any such securities in any state or other jurisdiction in which such an offer , solicitation or sale would be illegal prior to registration or qualification under the securities laws of any such state or other jurisdiction. This press release does not constitute a prospectus (including as defined by the laws of Hong Kong) and potential investors should read the Company’s prospectus for detailed information about the Company and the offering, before deciding to whether or not to invest in the Company. This press release has not been reviewed or approved by the Hong Kong Stock Exchange or the Hong Kong Securities and Futures Commission.

The price of the Offered Shares of the Company may be stabilized in accordance with the Securities and Futures (Price Stabilizing) Rules (Chapter 571W of the Laws of Hong Kong). Details of the planned stabilization and how it will be regulated under the Securities and Futures Ordinance (Hong Kong Law Chapter 571) can be found in the Company’s Hong Kong prospectus dated August 3, 2021.

About Li Auto Inc.

Li Auto Inc. is an NEV automobile manufacturer in China. The Company designs, develops, manufactures and sells high-end intelligent electric vehicles. Through its products and technology, the Company provides families with safe and convenient products and services. Li Auto is a pioneer in the successful commercialization of EREVs in China. Its first and currently the only model on the market, Li ONE, is a large, premium six-seater electric SUV equipped with a range extension system and advanced intelligent vehicle solutions. The company started volume production of Li ONE in November 2019 and launched the Li ONE 2021 on May 25, 2021. As of July 31, 2021, the company has delivered more than 72,000 Li ONE. The Company relies on technology to create value for its users. It focuses its internal development efforts on its proprietary range extension system, next-generation electric vehicle technology and intelligent 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.

For more information, please visit: http://ir.lixiang.com.

Safe Harbor Declaration

This press release contains statements that may constitute “forward-looking” statements in accordance with the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terminology such as “shall” , “” Expects “,” anticipates “,” aims “,” future “,” intends “,” foresees “,” believes “,” believes “,” is likely to “and similar statements . Li Auto may also make written or oral forward-looking statements in its periodic reports to the United States 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, financial condition and results of ‘exploitation; Li Auto’s limited operating history; the risks associated with extended range electric vehicles; Li Auto’s ability to develop, manufacture and deliver high quality vehicles that are attractive to customers; Li Auto’s ability to generate positive cash flow and earnings; product defects or any other failure of vehicles to perform as intended; Li Auto’s ability to compete successfully; Li Auto’s ability to build its brand and resist negative publicity; cancellation of vehicle orders from Li Auto; 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 documents filed by Li Auto with the SEC. All information provided in this press release is as of the date of this press release, and Li Auto assumes no obligation to update any forward-looking statement, except as required by applicable law.

Contacts for investors:

Li Auto Inc.
Investor Relations
Email: [email protected]


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