Li Auto Chip Subsidiary in First External Funding Round at 15 Billion Yuan Valuation
According to LatePost Auto on September 21, Li Auto's chip subsidiary is advancing its first external funding round, with a pre-money valuation of approximately 15 billion yuan and plans to raise several billion yuan.
Business registration records show that Mach Intelligent Cores Limited was incorporated in Hong Kong on July 14, 2026. On August 4, its wholly-owned subsidiary Shanghai Mach Zhixin Intelligent Technology Co., Ltd. was established, with Li Auto CTO Xie Yan as legal representative. Days later, Shanghai Mach Zhixin set up Shanghai Mach Xin Technology Co., Ltd., whose legal representative is Li Auto's joint company secretary Wang Yang.
Li Auto's in-house chip team consists of about 200 people, focusing on AI computing architecture, chip design and related software development. The company is simultaneously working on vehicle-side and cloud-side self-developed chip projects. One employee revealed that Li Auto's HR department has communicated with chip team members about adjusting labor relations.
Li Auto's self-developed Mach M100 chip was released in June 2026. It uses a 5nm automotive-grade process and delivers 1280 TOPS of computing power. Since the second quarter of 2026, the chip has been deployed on new Li Auto L9, L8, L6, MEGA and i9 models.
