Premium EV Brand Avatr Files for Hong Kong IPO at $4.6 Billion Valuation
Premium electric vehicle (EV) brand Avatr Technology, formerly Changan NIO and now backed by major stakeholders including Changan Automobile, CATL, and Huawei, has officially filed for an initial public offering (IPO) on the Hong Kong Stock Exchange.
📌 Key Takeaways
✓Avatr's filing reveals a valuation of approximately $4.6 billion
✓Sales increased from 20,021 units in 2023 to over 56,729 units by mid-2025
✓Revenue grew from RMB 5.65 billion in 2023 to RMB 12.21 billion in the first half of 2025
✓Avatr plans to enter more than 80 countries and launch four new models with Huawei by 2026
Rapid Growth in Sales and RevenueAvatr's IPO filing highlights a period of significant growth. From 20,021 units sold in 2023 to 61,588 units by 2024, the company saw its sales more than triple within ...
