Habitat, a smart lifestyle technology enterprise established by Shen Yanan—the former co-founder and president of Li Auto—has successfully secured RMB 700 million in a Series A financing round. This round of funding was spearheaded by the Changzhou Xinbei District Science and Technology Innovation Fund. Habitat made its foray into the residential technology market around 2024, launching its AI-driven smart home global headquarters initiative. This project, entailing a total investment of RMB 1 billion, has been signed and established in Changzhou. The newly acquired funds will be earmarked for the construction of the company’s headquarters and R&D center, along with an embodied intelligence laboratory. Additionally, the capital will support the development of a production-grade AI design and delivery system. At present, Habitat has set up a direct sales network across seven cities, boasting an annual contract volume surpassing RMB 1 billion. Shen Yanan stepped down from his role at Li Auto in January 2023 and subsequently exited the shareholder lists of its affiliated entities in July of the same year.