Changan’s electric vehicle (EV) subsidiary Avatr has filed for an initial public offering (IPO) in Hong Kong, marking another significant step for Chinese EV manufacturers seeking international listings. The company was established as a joint venture with Huawei and CATL, initially under the name Changan Nio.
Avatr’s revenue surged to RMB 12.2 billion ($1.7 billion) in the first half of 2025, marking a 98.5 percent increase from the same period last year. Vehicle sales contributed significantly with RMB 11.5 billion while other services like assisted driving solutions and parts sales accounted for RMB 718 million.
The EV maker is set to raise funds through this IPO, though specific details such as the exact amount or trading date remain undisclosed. CITIC Securities and CICC are serving as joint sponsors for Avatr’s Hong Kong listing process. Earlier reports suggested that Avatr aimed to complete its listing in the second quarter of 2026.
Avatr’s strategic partnership with Huawei and CATL is highlighted by the use of advanced technology such as Huawei’s Qiankun smart driving systems and CATL’s power batteries. The company aims for ambitious growth targets, projecting global sales of 400,000 units and annual revenue of RMB 100 billion by 2027.
Source: cnevpost.com
