Deutsche Bank Appointed as Depositary Bank for the Sponsored American Depositary Receipt Program of Li Auto Inc.
Deutsche Bank announced today its appointment as depositary bank for the NASDAQ-listed American Depositary Receipt program of Li Auto Inc.
Li Auto Inc. (NASDAQ: LI) designs, develops, manufactures, and sells premium smart electric SUVs, including extended-range electric vehicles, or EREVs, in China. Its first model, Li ONE, is a six-seat, premium electric SUV equipped with a range extension system and smart vehicle solutions. Li Auto started the volume production of Li ONE in November 2019 and delivered over 10,400 Li ONEs as of June 30, 2020.*
“We are very pleased to be appointed as depositary bank for Li Auto’s NASDAQ-listed Level III American Depositary Receipt program,” said Daniel Clark, Global Head of Depositary Receipts at Deutsche Bank. “This is a key addition to our portfolio of clients and demonstrates the strength of our product offering in the Asia-Pacific region. We look forward to providing dedicated client service and investor relations support to help drive the program’s future success.”
In addition to specializing in administering cross-border equity structures such as New York Shares and American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. Deutsche Bank offers a very broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.
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* This information was provided by Li Auto Inc. (August 2020).
Depositary Receipt Information |
Depositary Receipt Contacts |
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Country |
China (Cayman Islands |
Head of Depositary |
New Business |
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Custodian Bank |
Deutsche Bank AG, Hong |
Daniel Clark |
William Ng |
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Effective Date |
July 29, 2020 |
Tel: +44 (0) 20 7541 6888
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Tel: +852 2203 7889 |