Market Chatter: Avatr Technology Raises 8.5 Billion Yuan in Fundraising, Targets IPO Listing in 2026

MT Newswires Live12-19

Avatr Technology raised nearly 8.5 billion yuan in a Series C financing round, YiCai Global reported Wednesday.

Proceeds will go towards research and development of new electric vehicle models as well as for overseas expansion, according to the report.

Also, Avatr Technology has started preparations for an initial public offering, with listing targeted in 2026.

Avatr Technology is the smart electric vehicle brand of Chongqing Changan Automobile (SHE:000625, SHE:200625).

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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