Li Auto Inc. Announces At-The-Market Offering of American Depositary Shares
June 28 2022 - 8:57AM
Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015),
a leader in China’s new energy vehicle market, today announced that
it has filed a prospectus supplement to sell up to an aggregate of
US$2,000,000,000 of American depositary shares (“ADSs”), each
representing two Class A ordinary shares of the Company, through an
at-the-market equity offering program (the “ATM Offering”) on the
Nasdaq Global Select Market.
The ADSs will be offered through Goldman Sachs
(Asia) L.L.C., UBS Securities LLC, Barclays Capital Inc., and China
International Capital Corporation Hong Kong Securities Limited as
sales agents. Some of the sales agents are expected to make offers
and sales both to investors inside the United States and to
qualified investors outside the United States through their
respective selling agents.
The Company has entered into an equity distribution
agreement with the sales agents relating to the ATM Offering.
Sales, if any, of the ADSs under the ATM Offering will be made from
time to time, at the Company’s discretion, by means of ordinary
brokers’ transactions, to or through a market maker, on or through
the Nasdaq Global Select Market, or as otherwise agreed with the
sales agents. Sales may be made at market prices prevailing at the
time of sale. As a result, sales prices may vary.
The Company intends to use the net proceeds from
the ATM Offering for (i) research and development of
next-generation electric vehicle technologies including
technologies for BEVs, smart cabin, and autonomous driving, (ii)
development and manufacture of future platforms and car models, and
(iii) working capital needs and general corporate purposes.
The ADSs will be offered under the Company’s
existing shelf registration statement on Form F-3, which was filed
with the Securities and Exchange Commission (the “SEC”) and
automatically became effective on August 2, 2021. A prospectus
supplement relating to the ATM Offering has been filed with the
SEC. The registration statement on Form F-3 and the prospectus
supplement are available at the SEC website at:
https://www.sec.gov. Copies of the prospectus supplement and the
accompanying prospectus may be obtained by calling Goldman Sachs
& Co. toll-free at +1 (866) 471-2526, UBS Securities LLC at +1
(888) 827-7275, Barclays Capital Inc. at +1 (212) 526-0015, and
China International Capital Corporation Hong Kong Securities
Limited at +852 2872-2000.
This press release shall not constitute an offer to
sell or a solicitation of an offer to purchase any 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 a leader in China’s new energy
vehicle market. The Company designs, develops, manufactures, and
sells premium smart electric vehicles. Its mission is: Create a
Mobile Home, Create Happiness (创造移动的家, 创造幸福的家). Through innovations
in product, technology, and business model, the Company provides
families with safe, convenient, and comfortable products and
services. Li Auto is a pioneer to successfully commercialize
extended-range electric vehicles in China. The Company started
volume production in November 2019. Its model lineup includes Li
ONE, a six-seat, large premium smart electric SUV, and Li L9, a
six-seat, full-size, flagship smart SUV. 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 while expanding its product line by developing
new BEVs and EREVs to target a broader user base.
For more information, please visit:
https://ir.lixiang.com.
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”) and The Stock
Exchange of Hong Kong Limited (the “HKEX”), 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
and the HKEX. 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) 481-2050Email:
Li@tpg-ir.com
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