# MHX Technology

> Li Auto-controlled chip and domain-controller business opening to outside equity investors.

## Why it is interesting

MHX is opening a captive automotive chip operation to outside investors while Li Auto retains control and consolidates its financial results. Its ambition to sell beyond automotive applications makes third-party customer adoption, software portability and independent commercial execution the central tests.

## Profile

- **Latest funding:** Not publicly disclosed
- **Latest known valuation:** Not publicly disclosed
- **Total disclosed equity funding:** Not publicly disclosed
- **Stage:** other
- **Status:** private
- **Industries:** ai-ml, hardware-semiconductors
- **Coverage:** full
- **Last updated:** 2026-10-16T23:10:55.984Z

## Key facts

- Oct 16, 2026: signed RMB1.625B equity subscriptions; closing remains conditional
- RMB1B is parent capital; RMB625M is from external investors
- An additional RMB500M subscription right is optional and not counted as committed funding
- Li Auto expects to retain control and consolidate MHX after financing

## Related articles

- https://venturecapitaltracker.com/mhx-li-auto-1-625b-equity-subscription-agreement

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** October 16, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

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Source: https://venturecapitaltracker.com/startup/mhx-technology