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Following in the footsteps of domestic peer Nio Inc - ADR (NYSE: NIO), another Chinese electric vehicle maker is planning to test the IPO waters in the U.S.Nio, which went public in September 2018, rallied to a record high last week.Li Auto Nasdaq-Bound: Li Auto has filed a preliminary prospectus with the SEC for listing its ADSs on the Nasdaq under the ticker symbol "LI."Li Auto said it expects to use the net proceeds for R&D; capital expenditure, including further development of manufacturing facilities; and general corporate purposes.Goldman Sachs, UBS, Morgan Stanley and CICC are lead underwriters for the offering.Li Auto's Business, Financials: The company designs and develops smart electric SUVs and has the distinction of being the first company to successfully commercialize extended-range electric vehicles in China.The company was established under the name CHJ Automotive in 2015.Based in the Chaoyang District of Beijing, Li Auto started volume production of its...
