A Li Xiang One hybrid SUV is on display during the 18th Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 23, 2020 in China.
Li Zhihao | Visual China Group | Getty Images
GUANGZHOU, China — Li Auto shares in Hong Kong were off to a muted start in their trading debut on Thursday.
The Nasdaq-listed electric carmaker sold shares at 118 Hong Kong dollars each, raising the company 11.6 billion Hong Kong dollars ($1.49 billion).
Li Auto has followed rival Xpeng in raising money in Hong Kong via a so-called dual primary listing. That means it will be subject to the rules and oversight of both U.S. and Hong Kong regulators, which isn’t the case with…