# Inovance Technology and Li Auto form auto parts JV in Changzhou

Suzhou Inovance Automotive, a subsidiary of Shenzhen Inovance Technology, and Beijing CHJ Automotive (Li Auto) have formed a joint venture company in Changzhou to produce auto parts. Inovance Automotive holds a 51% stake.

- Type: Acquisition
- Announced: 2021-07-21
- Where: Changzhou, China
- Status: announced
- Products: auto parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Li Auto](https://endata.com/companies/49884.md) (partner)
- [Inovance Technology](https://endata.com/companies/56604.md) (partner)

## Sources

- [marklines.com](https://www.marklines.com/en/news/263776), 2021-07-20: "Suzhou Inovance Automotive Co., Ltd. (Inovance Automotive), a wholly-owned subsidiary of Shenzhen Inovance Technology Co., Ltd. (Inovance Technology), joined hands with Beijing CHJ Automotive Co., Ltd. (Li Auto) to form an auto parts joint venture (JV) company in Changzhou."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.