AVATR Technology, jointly backed by Changan Auto, Huawei and CATL, is preparing to file for a Hong Kong IPO in the fourth quarter of 2025, with a potential listing as early as the second quarter of 2026, according to people familiar with the matter. The company has completed a C-round financing of RMB 11.1 billion and is advancing its strategic roadmap to expand models and global reach. Founded in 2018, AVATR reported RMB 15.35 billion in revenue in 2024, up 172 percent year-on-year, with net losses widening to RMB 4.02 billion. The company aims to launch five upgraded models by 2026 and expand to more than 80 countries by 2030. The move follows other Chinese automakers’ Hong Kong listings, including Chery and Dongfeng’s EV brand Voyah. [CLS, in Chinese]
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