Chinese electric vehicle start-up Li Auto raises US$750 million from bond sale for new product development

//Chinese electric vehicle start-up Li Auto raises US$750 million from bond sale for new product development

Chinese electric vehicle start-up Li Auto raises US$750 million from bond sale for new product development

Li Auto, one of the Chinese start-ups vying to grab a bigger slice of the world’s largest electric vehicles market, has raised US$750 million by selling a convertible bond to fund new products and technology. The paper issued by the Beijing-based firm backed by mainland online services delivery giant Meituan carries an annual interest rate of 0.25 per cent, it said in a statement on Thursday. Before its maturity on May 1, 2028, investors can opt to convert it into Li Auto shares at US$28.34 per…

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By | 2021-04-08T16:30:07+00:00 April 8th, 2021|Business|Comments Off on Chinese electric vehicle start-up Li Auto raises US$750 million from bond sale for new product development