Avatr, a premium electric vehicle (EV) brand jointly established by Changan Automobile, Huawei, and CATL, has filed for an initial public offering in Hong Kong. The filing was made on the Hong Kong Stock Exchange with CITIC Securities and CICC as joint sponsors.
Key Takeaways
- Avatr reported revenue of RMB 12.2 billion ($1.7 billion) in the first half of 2025, a 98.5 percent year-on-year increase.
- The brand’s vehicle sales contributed RMB 11.5 billion to its revenue, while other businesses such as assisted driving solutions and after-sales services added RMB 718 million.
- Avatr aims for global sales of 400,000 units by the end of 2026, with plans to list on the Hong Kong stock market in the second quarter of 2026.
In the first half of 2025, Avatr’s revenue surged to RMB 12.2 billion ($1.7 billion), marking a significant year-on-year increase of 98.5 percent. This growth is attributed to strong vehicle sales and an expanding range of services including assisted driving solutions and after-sales support.
The EV unit, originally named Changan Nio before rebranding in August 2021, has seen its business model evolve with the integration of advanced technology from partners Huawei and CATL. All Avatr vehicles utilize Huawei’s Qiankun smart driving systems and CATL’s power batteries.
Avatr aims to achieve global sales of 400,000 units by the end of 2026 as part of its strategic expansion plans. The company has already delivered 56,729 vehicles in the first half of this year and continues to focus on technological innovation and market penetration.
Frequently Asked Questions
When is Avatr planning to list on the Hong Kong stock exchange?
Avatr plans to complete its listing in the second quarter of 2026, according to earlier reports.
What are the main revenue sources for Avatr?
The primary revenue source is vehicle sales, contributing RMB 11.5 billion in the first half of 2025. Other services such as assisted driving solutions and after-sales support also contribute to the total.
With a robust financial performance and strategic partnerships in place, Avatr’s Hong Kong IPO is expected to provide significant capital for its ambitious growth plans in the global EV market.
