BEIJING, Aug. 13, 2021 /PRNewswire/ -- Li Auto Inc. ("Li
Auto" or the "Company", Nasdaq: LI, HKEX: 2015), an NEV automaker
in China, announced that the
Company's Class A ordinary shares ("Shares") began trading on the
Main Board of The Stock Exchange of Hong Kong Limited ("HKEX")
under the stock code "2015," successfully going public in
Hong Kong.
Blue Run Ventures China (BRV China) is one of the early
investors of Li Auto. It has participated in five consecutive
rounds of Li Auto's financing, including A2, A3, B1, B3, and C
rounds.
Having its heritage in Silicon Valley since 1998 and entered
China in 2005, BRV China is the
country's leading early-stage venture capital firm. Since 2005, the
firm has managed over $1.5 billion
through multiple USD and RMB denominated funds, with a track record
of successful exits exceeding $900
million. BRV China was also an early-stage investor in
Ganji/58.com, QingCloud (688316.SH), Energy Monster (NASDAQ:EM),
WaterDrop (NYSE:WDH), Mogujie/Meilishuo (NYSE: MOGU), Qudian (NYSE:
QD), Guazi, Meishubao, Pinecone, etc.
Li Auto delivered 8,589 Li ONEs in July
2021, increased by 251.3% year over year, making a
breakthrough at 8,000-vehicle single-month deliveries for the first
time while hitting a new record. As of July
31, 2021, total deliveries in 2021 reached 38,743, bringing
cumulative deliveries of Li ONE to 72,340.
The Company is developing its X platform, which succeeds the
existing EREV platform for Li ONE, and is equipped with its
next-generation EREV powertrain system. The Company plans to launch
the first product on its X platform, a full-size premium
extended-range electric SUV, in 2022, and to launch two additional
SUVs on its X platform in 2023.
Li Auto is investing heavily in the HPC (High-power Charging)
BEV technologies. The Company is developing two platforms, Whale
and Shark, for its future HPC BEVs. Starting from 2023, the Company
plans to launch at least two new HPC BEV models each year.
Li Auto believes that, in order to address the challenges in
China's NEV market, any NEV energy
replenishment solution must be at least as convenient and efficient
as an ICE vehicle energy replenishment solution, and must behave
commercial viability. The EREV solution and future HPC BEV solution
could both provide users with convenient energy replenishment
experience that is comparable to ICE vehicles. The Company plans to
deploy a HPC network that consists of ultra-fast charging stations
to achieve this goal. The charging under the planned HPC network
will be faster, cheaper, and more accessible for the users.
For more information, please visit:
https://www.brv.com.cn/.
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SOURCE BlueRun Ventures China