Country for PR: China
Contributor: PR Newswire Asia (China)
Friday, July 31 2020 - 06:10
AsiaNet
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Li Auto IPO: Blazing a Different Trail
NEW YORK, July 31, 2020 /PRNewswire-Asianet/ --

On July 30, 2020, Future Capital celebrates our angel investment, Li Auto 
(Ticker: LI)'s successful public listing on Nasdaq. This is an incredible 
milestone amidst the current global economic environment. 

Photo - https://photos.prnasia.com/prnh/20200730/2872058-1 

As Li Auto's first investor, what I saw was the practicality of Li Auto's 
product strategy. From Day 0, Li Auto made a bold decision to focus on 
extended-range electric vehicles (EREVs) rather than pure electric models, 
which was the common strategy adopted by peers. Pure battery electric vehicles 
face structural challenges currently with limited battery capacity such as 
charging infrastructure, consumer habits etc. Li Auto dared to blaze a 
different trail and became the first in China to successfully commercialize 
EREVs, solving for these challenges. 

I would like to thank product managers who, like Li Auto's team, are bold 
enough to be different. It is through their unwavering dedication to their 
products that our lives are made better.  

As a venture capitalist, I tell my team that we must also think like 
entrepreneurs; we must have resolve in our independent analysis and be daring 
to back those that are different. 

Today is not only a celebration of a capital markets milestone but also a mark 
of progress. I believe that Li Auto's range extension solution will accelerate 
the adoption of electric vehicles in China. To me, accelerated adoption in the 
world's most populous country has ramifications beyond just the financial; it 
is also an important step towards a greener world, a reinvention of how we 
think about mobility and perhaps an altogether different future cityscape. 

When Henry Ford began producing automobiles that were within the economic reach 
of the average consumer, he changed the course of human mobility as well as how 
our cities were laid out – streets around the world were re-purposed for 
driving vehicles. By accelerating adoption of smart electric vehicles, what 
will future cities look like? 

Apple's release of the first smartphone extended a mobile device's role beyond 
a mere calling machine and shaped the course of human communication. Progress 
in smart vehicles will extend a car's role beyond mere transportation. Li 
Auto's top priority is to lead in autonomous driving technologies and to 
contribute to building an ecosystem for EVs that would propel the future of 
e-mobility. Advancements in smart EV will alter the course of human mobility. 
Some of the most innovative, trillion-dollar-companies of the future will be 
technology companies in this field – which is why I made my bet early with Li 
Auto.

The best way to predict the future is to create it; and we are proud to see Li 
Auto doing just that. 

Finally, I would like to thank entrepreneurs and scientists around the world 
who possess the creativity, vision and the drive to tackle problems which are 
deemed to be "impossible" at the time. As a venture capitalist, my 
responsibility is to relentlessly seek out these people and ideas and empower 
their vision with the necessary tools and capital. If there is one thing I can 
do to leave my mark on our world, this is it. 

Sincerely, 

Mingming HUANG

Founding Partner
Future Capital Discovery Fund

July 30, 2020

Li Auto

Li Auto is a Chinese electric car maker that designs, develops, manufactures, 
and sells premium smart electric SUVs. 

Future Capital Discovery Fund (also known as "Future Capital") 

Founded in 2014, Future Capital Discovery Fund is a specialized early-stage 
investor targeting enterprise focused technologies and selective game-changing 
consumer tech businesses in Greater China.

SOURCE: Future Capital Discovery Fund
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