On 12 August 2021, Li Auto Inc. (Li Auto) successfully completed its dual primary listing on the Main Board of HKEX under stock code 02015.HK. Li Auto issued a total of 100,000,000 shares globally, raising approximately HKD 11.8 billion with a market value of around HKD 240 billion.
Li Auto is a pioneer to successfully commercialize extended-range electric vehicles in China and an innovator in China’s new energy vehicle market. Li Auto started mass production of its first model, Li ONE, in November 2019. Li Auto’s landing on the Hong Kong capital market follows its IPO on NASDAQ in July 2020 (stock code: LI) and the follow-on offering of USD-denominated ADSs in December 2020.
King & Wood Mallesons (KWM) acted as the PRC legal counsel for the joint sponsors and underwriters in this project. KWM has previously advised Li Auto on its NASDAQ listing and follow-on offering of USD-denominated ADSs.
The KWM team was led by partners Gong Mulong, Ma Tianning and Hu Jing, with support from Zhang Ying, Zhao Mingxuan and Gao Han.