UDC plans to invest 50 million yuan in Li Auto, whose main businesses are AR glasses and in-car display
UDC announced that it plans to invest 50 million yuan each with Hengyu Capital to increase its capital in Li Auto, holding 2.7778% of the shares. This investment aims to strategically layout the FSD technology industry and promote the company's industrial transformation. Li Auto primarily focuses on AR glasses and in-vehicle display business, and its fiber scanning display technology has advantages such as low power consumption and high PPI
According to the announcement from Huazhong Holdings (000036.SZ), the company and its affiliate Hengyu Capital plan to each invest 50 million yuan to increase their stake in Li Auto, acquiring 2.7778% equity in Li Auto. Among this, 44,924 yuan will be used to subscribe for the newly registered capital, while the remaining 49,955,076 yuan will be included in the capital reserve.
The announcement indicates that the target company's self-developed Fiber Scanning Display (FSD) technology is a non-semiconductor process, different from other display technologies, and is applied in the manufacturing of consumer-grade AR glasses that resemble real glasses. This product features a small target area, low power consumption, and high PPI. The target company's current main businesses are AR glasses and in-car display businesses. The purpose of this investment is to make strategic investments, layout, and attempts in the FSD technology industry, further promoting the company's industrial transformation and development
