$LI Potential next EV play Luxury electric vehicle maker Li Auto sets terms for $855 million US IPO July 24, 2020 Li Auto, which manufactures smart electric SUVs in China, announced terms for its IPO on Friday. The Beijing, China-based company plans to raise $855 million by offering 95 million ADSs at a price range of $8 to $10. New investor Hillhouse Capital intends to purchase $300 million worth of ADSs in the offering, and the company plans to raise an additional $380 million in a concurrent private placement. At the midpoint of the proposed range, Li Auto would command a fully diluted market value of $7.9 billion. The company designs, dev