HK Stock Market Move | LI AUTO-W (02015) rose by over 3% and plans to strategically invest 2.65 billion yuan in Sunwoda Electronic.

LI AUTO-W (02015) rose more than 3%, reaching 3.47% to trade at HKD 49.48, with a transaction volume of HKD 337 million. In news, on September 4, Sunwoda Electronic announced that its subsidiary, Sunwoda Electronic Power Technology Co., Ltd., plans to conduct a C++ round of financing, introducing Beijing Ideal Automobile Co., Ltd. as a strategic investor. According to the financing plan, Beijing Ideal Automobile will invest CNY 2.65 billion to subscribe for new shares of Sunwoda Electronic Power, corresponding to an 8.79% stake. After the financing is completed, Ideal Automobile will hold a total of 11.17% of Sunwoda Electronic Power. Ideal Automobile stated that this strategic investment in Sunwoda Electronic Power is not merely a financial investment, but aims to establish a longer-term strategic collaboration focused on battery technology, manufacturing quality, and user value. This strategic investment will help enhance Ideal Automobile's voice in battery technology, manufacturing quality, and long-term collaboration, better facilitating the high-quality implementation of non-standard battery technology solutions, and establishing a more solid foundation for the R&D and rapid iteration of next-generation products.