Li Auto

Li Auto has passed the Hong Kong Stock Exchange listing hearing and will soon become the second Chinese electric vehicle company to list in Hong Kong after Xpeng Motors, a filing shows.

After announcing an RMB 10 million ($1.55 million) donation to Henan province, which was hit by heavy rains and floods, Li Auto has developed a support plan for its customers there.

Li Auto donated 10 million yuan ($1.54 million) to Henan Province through the China Charity Federation, the company said on July 21.

Li Auto has submitted its listing application to the Hong Kong Stock Exchange at the end of May and will list in Hong Kong in a dual listing similar to that of Xpeng Motors, Tencent News reported Friday.

Li Auto recently signed an agreement with a Chinese LiDAR supplier to lay the groundwork for its new model to be released in 2022 with the component which is seen as key for autonomous driving.

Li Auto topped China's new car makers with 7,827 insurance registrations in June, surpassing Nio's 7,777.

By the end of 2021, Li Auto plans to have 200 directly operated retail centers, covering more than 100 cities in China, it said.

Shanghai contributes 24 percent of Nio's sales in January-May. It is followed by Beijing with 8 percent, Hangzhou with 7 percent, Guangzhou with 5 percent, and Shenzhen with 5 percent.

A video circulating on Weibo shows an owner claiming to have found mercury, a heavy metal that can be toxic, between the seams of his newly purchased Li ONE seats.

Li Auto is going to launch an MPV model to expand its product matrix, autohome.com.cn reported Friday.