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Li Auto Inc. fell more than 3% in premarket action

Tiger Newspress2021-04-07

Li Auto Inc. fell more than 3% in premarket action after Announcing proposed offering of US$750 million convertible senior notes.

Li Auto Inc., an innovator in China’s new energy vehicle market, today announced that it proposes to offer up to US$750 million in aggregate principal amount of convertible senior notes due 2028, subject to market conditions and other factors. The initial conversion rate, interest rate, and other terms of the Notes have not been finalized and will be determined at the time of pricing of the Notes Offering. The Company intends to grant the initial purchasers in the Notes Offering a 13-day option to purchase up to an additional US$112.5 million aggregate principal amount of the Notes.

The Company plans to use the net proceeds from the Notes Offering for (i) research and development of new vehicle models, including BEV models, (ii) research and development of leading technologies, and (iii) working capital and other general corporate purposes.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment28

  • mcwood
    ·2021-04-07
    [得意] 
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  • jaswsf
    ·2021-04-07
    Omg[捂臉] 
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  • Bibop
    ·2021-04-07
    What’s wrong in investing in research? 
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  • Papa88
    ·2021-04-07
    Ouch. No money
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  • CLONGER
    ·2021-04-07
    haizz
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  • Jeepattbomb
    ·2021-04-07
    Zzz
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  • MichaelBlade
    ·2021-04-07
    Cool
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    • RickyMTH
      Why Kept droping
      2021-04-08
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  • Jaren7
    ·2021-04-07
    Price Will dip  more
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  • ZY91
    ·2021-04-07
    Please like and comment:) thanks! 
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    • l3enjiReplying tozhen130
      hello and thanks!
      2021-04-07
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    • 51c4c89
      Commenter. Please help me too
      2021-04-07
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    • l3enji
      pls reply to me also
      2021-04-07
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    View more 1 comments
  • Jyen
    ·2021-04-07
    Wow
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  • kt888
    ·2021-04-07
    ..
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  • kt888
    ·2021-04-07
    Careful
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  • nctony
    ·2021-04-07
    China EV will rise but not now[流淚] 
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  • CIA76
    ·2021-04-07
    This is the problem enblematic of cheap money. Companies will take all opportunities toborrow during this time at the expense of the minority shareholders.That’s why fundamentals are still important. I can understand borrowing more on Asset Purchasing, but R&D expenditure without patents is just throwing money away.So borrowing 750m for the purpose of R&D doesn’t make sense at this time.Should there be interest rate spikes, the money borrowed for research will become expensive and that could harm the company. Theassumption the board is making is that the people buying the convertibles will swop for equity instead of just taking interest.Please share this.
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  • aliciatng
    ·2021-04-07
    Comment 
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  • deneee
    ·2021-04-07
    ok
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  • weifeng_86
    ·2021-04-07
    Like n comment pls
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    • Hayz
      oh dear....pls return comment
      2021-04-07
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    • deneee
      ok
      2021-04-07
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    • gorgonzola
      like and comment pse. tks
      2021-04-07
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  • EKTech
    ·2021-04-07
    Wth
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  • SHELBY
    ·2021-04-07
    Like and comment pls
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    • Jillsyee
      Please like and repyl too
      2021-04-07
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  • 超群yibo
    ·2021-04-07
    Other Chinese ADRs will do the same
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    • Mandoo
      Agreed
      2021-04-07
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