TREE NEWS update: Li Auto will invest 2.65 billion yuan ($370 million) in Sunwoda Electric Vehicle Battery, a subsidiary of Sunwoda Electronic, acquiring an 8.79% stake. Post-investment, Li Auto entities will hold 11.17% indirectly. The company said the move deepens collaboration, upgrading from joint R&D to a long-term partnership in battery manufacturing.
Li Auto invests 2.65B yuan in Sunwoda EV Battery
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