Li Auto's board approved a 2.65 billion yuan (about $390 million) strategic investment for an 8.79% stake in Sunwoda Electronic's power-battery unit, Sunwoda EVB, making Li Auto the second-largest shareholder after related entities of about 11.17% combined. The deal values Sunwoda EVB at about 27.49 billion yuan pre-money and 30.14 billion yuan post-money; Sunwoda will keep consolidation, while Huizhou New Energy's stake falls from 26.38% to 24.06%. Li Auto said the investment is a long-term battery technology and quality partnership, building on a 2022 Pre-A stake of about 3.2% and a 50/50 Shandong battery joint venture.
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