ChainCatcher report, according to LatePost’s LatePost Auto, Li Auto’s chip subsidiary, Shanghai Mahaixin Technology, has completed its first round of equity financing of RMB 1.625 billion, with Li Auto contributing RMB 1 billion and external investors collectively contributing RMB 625 million. After the financing, Li Auto holds a 74.01% stake, making it the largest shareholder. External investors include Hangzhou Jingtao, BlueChili Ventures, Huaye Tiancheng Capital, and Quantum Bridge. Hangzhou Jingtao has also been granted an additional RMB 500 million in investment rights; after inclusion, the company’s valuation reaches RMB 17.1 billion, with 20% of equity allocated for employee incentives. Sources close to the matter said the funds will be used for subsequent chip development and commercialization, with plans to supply chips externally and expand into businesses beyond automotive. On September 21, Li Auto co-founder Ma Donghui stated that Mahaixin chips and silicon carbide modules are available for external sale, and Li Auto is currently developing its second-generation Mahaixin autonomous driving chip.
Li Auto's chip subsidiary completes RMB 1.625 billion in funding, valued at RMB 17.1 billion.
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Summary
Li Auto’s chip subsidiary, Shanghai Mahexin Technology, has completed a RMB 1.625 billion Series A funding round, according to project funding reports. Li Auto contributed RMB 1 billion, while external investors provided RMB 625 million. Post-funding, Li Auto retains 74.01% ownership. Hangzhou Jintao was the leading external investor and committed an additional RMB 500 million, valuing the company at RMB 17.1 billion. The funds will support ongoing chip R&D and commercial expansion beyond the automotive sector. Mahexin’s chips and silicon carbide modules are now available for external sale, with a second-generation autonomous driving chip currently in development. Crypto news platforms such as Chaincatcher are closely monitoring the development.
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