is internally examining the possibility of returning to China's A-share market, said the company's president Shen Yannan.

Li Auto made its debut in Hong Kong today, Shen said these in an interview with the media.

Li Auto took the same dual-primary listing as Motors to list on the main board of the Hong Kong Stock Exchange under the ticker symbol "2015".

It is listed in Hong Kong at HK$118 ($15) per share, raising about HK$11.55 billion.

This compares to XPeng's Hong Kong listing a month ago, which raised HK$14 billion.

In late May, the company's CEO Li Xiang said more money is better for Li Auto as players including , , and Baidu as well as traditional car companies are very well funded.

As of July 20, 2021, Li Auto's cash reserves were RMB 30.36 billion ($4.69 billion), which is the least compared to and XPeng's cash reserves of RMB 48 billion and RMB 36.2 billion, according to the prospectus.

Although Li Auto was the first of the new car makers to turn a positive gross margin, it is far from profitable. "We have not yet achieved profitability, and this situation may continue in the future." the company admits in the prospectus.

As for why it is not considering a priority listing in China's A-share market, auto-time quoted unnamed analysts as saying that policies in the A-share market are being tightened and the new system is becoming stricter in terms of revenue and shareholder relations requirements for companies.

"For startups like Li Auto and XPeng, it is becoming increasingly difficult for them to list on A-shares," the analyst said.

But the analyst also believes that manufacturing industries tend to have low valuations in the Hong Kong market, while they usually have higher valuations in the A-share market. "These new car makers may choose to land on the A-share market next, too."

Li Auto delivered 8,589 Li ONE units in July, up 11.4 percent from the previous month and 251.3 percent year-over-year, with deliveries exceeding 8,000 units in a single month for the first time.

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