Li Auto (“the Company”, NASDAQ: LI) was successfully listed on NASDAQ at 9:30 am (EST), July 30th, 2020. The pre-greenshoe (including CPP) and post-greenshoe (including CPP) offering size was US$ 1,473mm and US$ 1,636mm, respectively. This offering is the largest Chinese high-tech company ADR IPO since 2018 and the largest Chinese auto company overseas IPO since 2015. CICC acted as the Joint Bookrunner in this project.

As an innovator in China’s NEV market, Li Auto engages in the designing, development, manufacturing and sales of premium smart electric SUVs. Through innovations in its products, technology and business model, the Company is committed to providing safe, convenient and cost-effective mobility solutions for Chinese families. Li Auto is the first company to successfully commercialize EREVs in China.

The Company put its first model Li ONE into mass production in November 2019, focusing on the fast-growing large SUV market, and has delivered over 10,000 vehicles so far. In 2020H1, the Company sold 9,500 Li ONEs, more than any other large new energy SUV models in the market.

The Company has strong technical and R&D capabilities. It has developed a Level 2 autonomous driving solution, four-display interactive system and FOTA upgrade, delivering safe and enjoyable driving and riding experiences to customers. Through excellent operation and sales service and world-class supply chain control capabilities, the Company provides effective quality control guarantees.

Acting as the joint bookrunner, CICC assisted the Company to grasp the excellent window in the US stock market to initiate the public offering, and won high recognition from the Company’s management for its professional advice, full commitment and efficient execution.

The project was warmly sought after by global investors and achieved high-multiple oversubscription. Through testing-the-water meetings, analyst roadshows, and management roadshows, CICC assisted the Company to show its unique values and locked a large number of unlimited price orders with 100% conversion rate from top sovereign, long-term institutional investors, well-known hedge funds, Chinese institutions and corporate investors.

CICC was highly recognized by companies for rich capital market project execution experience, leading domestic and foreign investor coverage and communication capabilities, high-quality service and execution efficiency. This project was another example of CICC's professional advantages in serving leading technology companies.