On September 23, LI AUTO-W rose 3.02% in regular trading, trading at HKD 46.34/share, with turnover of approximately HKD 101 million. The rally was primarily driven by the company's chip subsidiary advancing its first external funding round, coupled with a confirmed technology external supply strategy.

According to recent reports, LI AUTO-W's chip subsidiary is pursuing its inaugural external financing at a pre-money valuation of approximately RMB 15 billion, targeting several billion yuan in proceeds. The subsidiary, operating under the name Mach Intelligent Cores Limited incorporated in Hong Kong in July, has completed its independent corporate structure setup, with LI AUTO-W CTO Xie Yan serving as legal representative of its Shanghai entity. The company is simultaneously developing both vehicle-end and cloud-end proprietary chips.

Meanwhile, LI AUTO-W President Ma Donghui publicly confirmed that proprietary Mach chips and silicon carbide modules can be supplied to external customers, a move expected to help amortize R&D costs and diversify revenue streams. Additionally, the company continued its share repurchase program, buying back 890,100 shares on September 22 for approximately HKD 40.57 million, signaling management confidence.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)