On September 4, 2026, Li Auto plans to increase its investment in Xingwangda Power’s subsidiary by 2.65 billion yuan, acquiring 8.79% of the company’s shares after the capital increase. After the transaction, combined with the previously held 2.60% shares, Li Auto-related entities will indirectly hold 11.17% of Xingwangda Power’s shares, becoming the company’s second-largest shareholder. This investment aims to enhance Li Auto’s influence in battery research, development, manufacturing, and quality management, and to facilitate the implementation of non-standard battery solutions and lay the foundation for the development of next-generation products. Since its financial investment in 2022 and joint factory construction in 2025, Li Auto has gradually moved from being a supply chain backup to a fully integrated partner with industrial control. Although Li Auto recently signed a five-year comprehensive strategic cooperation agreement with CATL, this additional investment further strengthens its partnership with Xingwangda. Li Auto emphasizes that all battery solutions must meet unified standards. Its self-developed batteries offer 8 years and 160,000 kilometers of warranty (with health levels not lower than 75%), and support 2,000 effective charge cycles under 5C high-rate charging.
Ideal AutoLi XiangNingde TimesXinwangda ElectronicsXinwangda Power
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On September 4, 2026, Li Auto completed a capital increase for Xingwangda Power, becoming its second-largest shareholder.
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2026-09-04
Li Auto’s capital increase for Xingwangda Power makes it the second-largest shareholder
Li Auto plans to increase its stake in Xingwangda Power’s subsidiary by 2.65 billion yuan, acquiring 8.79% of its shares. After the transaction, combined with its previous 2.60% stake, Li Auto’s related entities will indirectly hold 11.17% of Xingwangda Power’s shares, becoming the company’s second-largest shareholder. This investment aims to enhance Li Auto’s capabilities in battery research and development, manufacturing…
Ideal Auto plans to increase its investment in Xingwangda Power’s subsidiary by 2.65 billion yuan, acquiring a 8.79% stake in the company. After the transaction, combined with its previously held 2.60% stake, Ideal Auto’s related entities will indirectly hold a total of 11.17% of Xingwangda Power’s shares, becoming the latter’s second-largest shareholder. This investment aims to enhance Ideal’s influence in battery technology, manufacturing quality, and long-term collaboration, and to facilitate the implementation of non-standard battery solutions and lay the foundation for the development of next-generation products. The two parties completed their first capital linkage in 2022, and in 2025, they jointly established a joint venture to undertake the industrialization of self-developed batteries. In June this year, all models of the new Ideal L8 are equipped with 72.7-degree 5C extended-range dedicated ultra-fast charging batteries, developed by Ideal and manufactured by Xingwangda. Although Ideal adheres to a diversified strategy and recently signed a five-year comprehensive strategic cooperation agreement with CATL, this additional investment further strengthens its partnership with Xingwangda.
Ideal Auto plans to increase its capital in Xinwangda Power by 2.65 billion yuan, acquiring 8.79% of its shares after the capital increase. Both parties will engage in deeper long-term cooperation in the research, development, manufacturing, and quality management of power batteries. This move represents another key step in Ideal Auto’s self-developed battery strategy.
Previously, Ideal Auto already had a cash reserve of 87.5 billion yuan, providing sufficient financial support for this capital increase. From financial investment in 2022, joint factory construction in 2025, to capital increase and share expansion in 2026, Ideal’s strategic evolution in the battery field is clear: from supply chain backup to deep integration, from technical self-development to industry control.
Ideal emphasizes that regardless of the cooperation method used, all vehicle solutions must meet unified standards. Ultimately, Ideal will be responsible for user performance, safety, quality, and service. Its self-developed batteries have a warranty commitment of 8 years with a battery health level of no less than 75% after 160,000 kilometers of use, and can achieve 2,000 effective cycles under 5C high-rate charging.
This path reflects deep changes in the industry: after the scale growth of leading automakers, reclaiming control over core components becomes an inevitable trend in the industry. Ideal focuses on chips…