The Hong Kong operations would serve as a strategic base for the Beijing-based carmaker to “oversee its research and development [R&D], intellectual property management and international supply chain functions”, said InvestHK, the Hong Kong government’s investment promotion arm, in a statement on Thursday.
Li Auto, one of the few profitable EV makers in mainland China, is the latest car company to set up operations in the city, which is increasingly viewed as a stepping stone for their global ambitions.
Hong Kong-listed Li Auto was actively planning to further expand its presence in the city and grow its local team before further developing its global businesses, according to InvestHK.
“This is a strong testament to Hong Kong’s dual advantages as an international innovation and technology (I&T) hub and a leading global financial centre,” said Loretta Lee, InvestHK’s associate director general of investment promotion. “Hong Kong boasts world-class scientific research talent, a vibrant capital market and a legal system aligned with international standards, making it the ideal gateway for the mainland’s leading I&T enterprises to go global.”
