Li Auto's chip subsidiary initiates first round of financing with 15 billion yuan pre-money valuation

Li Auto's chip subsidiary is reportedly seeking to raise several billion yuan in its first external funding round, targeting a pre-money valuation of approximately 15 billion yuan. The subsidiary, which operates under the entity Mach Intelligent Cores Limited (established in Hong Kong in July), focuses on AI computing architecture and chip design. Its first self-developed chip, the M100, is already in mass production, and a cloud inference chip is currently under development.