Overview
- Hong Kong exchange filings show Avatr Technology submitted its IPO application with CITIC Securities and CICC as joint sponsors.
- The company reported RMB 12.208 billion in revenue for the six months ended June 30, 2025, a year-over-year increase of 98.5%.
- Vehicle sales contributed RMB 11.49 billion in the period, with RMB 718 million from driver-assistance solutions, ecosystem services, after-sales and parts.
- Chairman Wang Hui said jointly developed models with Huawei are planned to expand from one to four in 2026.
- A Changan affiliate agreed in August last year to buy a 10% stake in a Huawei unit for RMB 11.5 billion, reflecting ongoing adjustments in the partners’ equity ties.