# Li Auto chip unit Mach Core completes 1\.625 billion yuan first funding round at 17\.1 billion yuan valuation

Shanghai Mach Core Technology, Li Auto's chip subsidiary, completed a 1\.625 billion yuan first equity funding round, with Li Auto contributing 1 billion yuan and external investors 625 million yuan\. Including a 500 million yuan additional investment right held by Hangzhou Jingtao, Mach Core's valuation reached 17\.1 billion yuan\.

By China EV Signal
Published: 2026-10-17T02:24:51.166Z
Updated: 2026-10-17T02:24:51.167Z
Canonical article: https://chinaevsignal.com/news/mach-core-1-625-billion-yuan-funding-17-1-billion-valuation

## Key takeaways

- Mach Core Technology raised 1\.625 billion yuan in its first equity funding round: Li Auto contributed 1 billion yuan and external investors contributed 625 million yuan combined\.
- After the round, Li Auto held 74\.01% of Mach Core, remaining the largest shareholder; 20% of equity is allocated for employee incentives\.
- Including Hangzhou Jingtao's additional 500 million yuan investment right, Mach Core Technology's valuation reached 17\.1 billion yuan\.

## Funding and ownership

Shanghai Mach Core Technology, Li Auto's chip subsidiary, completed a 1\.625 billion yuan first equity funding round\. Li Auto contributed 1 billion yuan and external investors contributed 625 million yuan combined\.

External investors included Hangzhou Jingtao, BlueRun Ventures, Huaye Tiancheng Capital and MiraclePlus\. After the round, Li Auto held 74\.01% of Mach Core and remained its largest shareholder\.

Hangzhou Jingtao also received the right to make an additional 500 million yuan investment\. Counting that additional investment, Mach Core Technology's valuation reached 17\.1 billion yuan\. Li Auto also set up an employee equity incentive plan, with 20% of equity allocated to talent incentives\.

The funding will be used for Mach Core's subsequent chip research and development and commercialization\.

## External sales of standardized components

On September 21, Li Auto President Ma Donghui said at a media briefing that standardized components such as Mach chips and silicon carbide modules can be sold externally, and that other manufacturers can also complete adaptation\.

Li Auto plans to use Mach Core Technology to supply chip technology externally and expand into businesses beyond automotive\. Li Auto is also developing a second-generation Mach intelligent driving chip\.

## Tesla AI5 progress

In April this year, Tesla's next-generation AI5 chip completed tape-out\. According to Elon Musk, a single AI5 delivers about five times the effective compute of two current AI4 chips on Tesla's own models\.

## Company coverage

- [Li Auto news](https://chinaevsignal.com/manufacturers/li-auto)

## Original publisher

晚点Auto. Published: 2026-10-16T08:36:01.000Z