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Caixin Global
Caixin Global
Business
An Limin and Denise Jia

Chinese Electric Vehicle Maker Li Auto to Sell $2 Billion of New Shares

Li Auto electric vehicle

What’s new: Chinese electric-car maker Li Auto plans to sell $2 billion of American Depositary Shares (ADSs) through an “at-the-market” stock offering, the company said Tuesday.

An at-the-market offering is a flexible stock sale in which a company offers a designated number of new shares over time at prevailing market prices.

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