[Ideal Chip completed its first round of financing with a maximum post-money valuation of 17.1 billion yuan] On October 16, Li Auto announced that its chip subsidiary Machin Technology Co., Ltd. signed a first-round equity financing agreement with a total subscription of 1.625 billion yuan and a maximum post-money valuation of 17.1 billion yuan. This round was led by Hangzhou Jingtao, Lanchi Venture Capital and Huaye Tiancheng, with participation from Qiji Chuangtan. The financing will support the research and development and commercialization of chips and domain controller businesses, promote product supply and cooperation with external customers, expand industrial opportunities, especially in the non-automotive field, and enhance economies of scale by expanding application scale. Li Auto will continue to maintain its controlling position.