AVATR Technology (Chongqing) Company Limited Resubmits HKEX Listing Application, Jointly Established by Changan Automobile, CATL and Huawei

NewTimeSpace News: Per HKEX disclosures, AVATR Technology (Chongqing) Company Limited refiled its Main Board listing application with HKEX on 30 June 2026, with CITIC Securities and CICC appointed as Joint Sponsors.

AVATR Technology designs, develops and sells new energy passenger vehicles, including battery electric vehicles (BEVs) and range-extended electric vehicles (REEVs), covering product definition & design, intelligent vehicle engineering, system integration, auto sales and after-sales support. The Group adopts an asset-light operation model, with core partners including Changan Automobile (controlling shareholder and exclusive manufacturer), CATL (battery technology and supply) and Huawei (intelligent automotive solutions). In February 2025, the Group acquired a 10% equity stake in HUAWEI Intelligent Automotive Solutions with a total consideration of RMB11.5 billion. The two parties will jointly develop facelift models and next-generation vehicle series for AVATR.

In less than five years since the launch of the AVATR brand in 2021, the Group has built core capabilities covering the full value chain including product design, definition, R&D, branding, vehicle matrix, marketing and user operation systems. As at 31 December 2025, the Group employed 3,978 staff members, and generated total revenue exceeding RMB25 billion in 2025.

In 2025, AVATR ranked eighth in China’s new premium new energy passenger vehicle segment above RMB200,000 by sales volume, delivering a total of 122,702 vehicles. Specifically, the AVATR 06 ranked fourth among mid-size sedans priced over RMB200,000; the AVATR 07 ranked fourth in mid-size SUVs within the same price bracket; and the AVATR 12 took second place among large sedans above RMB300,000.