Li Auto Inc. Completes Offering of US$862.5 Million Convertible Senior Notes
13 April 2021 - 6:05AM
Li Auto Inc. (Nasdaq: LI) (“Li Auto” or the “Company”), an
innovator in China’s new energy vehicle market, today announced
that it completed the offering (the “Notes Offering”) of US$862.5
million in aggregate principal amount of its 0.25% convertible
senior notes due 2028 (the “Notes”), which included the exercise in
full by the initial purchasers in the Notes Offering of their
option to purchase up to an additional US$112.5 million in
aggregate principal amount of the Notes.
The Company plans to use the net proceeds from
the Notes Offering for (i) research and development of new vehicle
models, including BEV models, (ii) research and development of
leading technologies, and (iii) working capital and other general
corporate purposes.
The Notes, the ADSs deliverable upon conversion
of the Notes, if any, and the Class A ordinary shares represented
thereby have not been and will not be registered under the
Securities Act of 1933, as amended (the “Securities Act”), or any
state securities laws. They may not be offered or sold within the
United States or to U.S. persons, except to persons reasonably
believed to be qualified institutional buyers in reliance on the
exemption from registration provided by Rule 144A under the
Securities Act and to certain non-U.S. persons in offshore
transactions in reliance on Regulation S under the Securities
Act.
This press release shall not constitute an offer
to sell or a solicitation of an offer to purchase any of these
securities, nor shall there be a sale of the securities in any
state or jurisdiction in which such an offer, solicitation, or sale
would be unlawful.
About Li Auto Inc.
Li Auto Inc. is an innovator in China’s new
energy vehicle market. The Company designs, develops, manufactures,
and sells premium smart electric vehicles. Through innovations in
product, technology, and business model, the Company provides
families with safe, convenient, and refined products and services.
Li Auto is a pioneer to successfully commercialize extended-range
electric vehicles in China. Its first model, Li ONE, is a six-seat,
large premium electric SUV equipped with a range extension system
and cutting-edge smart vehicle solutions. The Company started
volume production of Li ONE in November 2019 and delivered over
33,500 Li ONEs as of December 31, 2020. The Company leverages
technology to create value for its users. It concentrates its
in-house development efforts on its proprietary range extension
system, next-generation electric vehicle technology, and smart
vehicle solutions. Beyond Li ONE, the Company aims to expand its
product line by developing new vehicles, including BEVs and EREVs,
to target a broader consumer base.
Safe Harbor Statement
This press release contains statements that may
constitute “forward-looking” statements pursuant to the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to,”
and similar statements. Li Auto may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission (the “SEC”), in its annual
report to shareholders, in press releases and other written
materials, and in oral statements made by its officers, directors,
or employees to third parties. Statements that are not historical
facts, including statements about Li Auto’s beliefs, plans, and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: Li Auto’s strategies, future business
development, and financial condition and results of operations; Li
Auto’s limited operating history; risks associated with
extended-range electric vehicles, Li Auto’s ability to develop,
manufacture, and deliver vehicles of high quality and appeal to
customers; Li Auto’s ability to generate positive cash flow and
profits; product defects or any other failure of vehicles to
perform as expected; Li Auto’s ability to compete successfully; Li
Auto’s ability to build its brand and withstand negative publicity;
cancellation of orders for Li Auto’s vehicles; Li Auto’s ability to
develop new vehicles; and changes in consumer demand and government
incentives, subsidies, or other favorable government policies.
Further information regarding these and other risks is included in
Li Auto’s filings with the SEC. All information provided in this
press release is as of the date of this press release, and Li Auto
does not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
For investor and media inquiries, please
contact:
Li Auto Inc.Investor RelationsEmail:
ir@lixiang.com
The Piacente Group, Inc.Yang SongTel: +86 (10)
6508-0677Email: Li@tpg-ir.com
Brandi PiacenteTel: +1 (212) 481-2050
Email: Li@tpg-ir.com
Li Auto (NASDAQ:LI)
Historical Stock Chart
From Apr 2024 to May 2024
Li Auto (NASDAQ:LI)
Historical Stock Chart
From May 2023 to May 2024