Changan EV unit Avatr files for Hong Kong IPO

CnEVPost11-28

Avatr is an EV brand jointly established by Changan, Huawei, and CATL, originally named Changan Nio. Avatr's revenue in the first half of 2025 totaled RMB 12.2 billion ($1.7 billion), representing a ...

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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChangan EV unit Avatr files for Hong Kong IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-11-28 09:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://cnevpost.com/2025/11/28/avatr-files-for-hk-ipo/><strong>CnEVPost</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Avatr is an EV brand jointly established by Changan, Huawei, and CATL, originally named Changan Nio.\nAvatr's revenue in the first half of 2025 totaled RMB 12.2 billion ($1.7 billion), representing a ...</p>\n\n<a href=\"https://cnevpost.com/2025/11/28/avatr-files-for-hk-ipo/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4526","symbol_name":"热门中概股","start_time":0,"source_url":"https://cnevpost.com/2025/11/28/avatr-files-for-hk-ipo/","article_id":"2586274185","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20480%20270'%3E%3C/svg%3E?op=imageView2&mode=2&width=256&height=256&quality=70&format=png"],"rights":{"source":"cnevpost_highlight","url":"https://cnevpost.com/2025/11/28/avatr-files-for-hk-ipo/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2586274185","pubTimestamp":1764295156,"columns":[],"sourceInfo":{"source_id":"cnevpost_highlight","name":"CnEVPost"},"weMediaInfo":null,"summary":"Avatr is an EV brand jointly established by Changan, Huawei, and CATL, originally named Changan Nio.","collect":0,"end_time":0,"defaultTopTitle":"cnevpost.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4526":"热门中概股","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","BK4555":"新能源车","IPO":"Renaissance IPO ETF","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK4588":"碎股","BK4548":"巴美列捷福持仓","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","BK4574":"无人驾驶","BK4509":"腾讯概念","NIO.SI":"蔚来","BK4581":"高盛持仓","BK4532":"文艺复兴科技持仓","LU0052750758.USD":"富兰克林中国基金A Acc","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","BK4531":"中概回港概念","BK4099":"汽车制造商"},"translate_title":"长安电动汽车部门Avatr申请香港IPO","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NIO.SI":0.6,"EVS.SI":0.6,"IPO":1},"content_text":"Avatr is an EV brand jointly established by Changan, Huawei, and CATL, originally named Changan Nio.\nAvatr's revenue in the first half of 2025 totaled RMB 12.2 billion ($1.7 billion), representing a year-on-year increase of 98.5 percent.\n\n\n(An Avatr 11 displayed at the Shanghai auto show in April 2025. Image credit: CnEVPost)\nAvatr Technology, the premium electric vehicle (EV) subsidiary of Changan Automobile (SHE: 000625), has filed for an initial public offering (IPO) in Hong Kong, poised to become another EV maker listing outside the Chinese mainland.\nThe Hong Kong IPO of the brand, jointly established by Changan, Huawei, and CATL (HKG: 3750, SHE: 300750), has CITIC Securities and CICC as joint sponsors, according to a filing on the Hong Kong Stock Exchange yesterday.\nThe planned fundraising amount or trading date on the Hong Kong stock market has not yet been disclosed. Earlier this year, local media reported that the EV maker aimed to complete its Hong Kong listing in the second quarter of 2026.\n\n\nJoin us on \nTelegram\n or \nGoogle News\n\n\nThe EV maker reported revenue of RMB 12.2 billion ($1.7 billion) in the first half of 2025, a 98.5 percent year-on-year increase.\nVehicle sales contributed RMB 11.5 billion, while other businesses -- including assisted driving solutions, after-sales services, and parts sales -- contributed RMB 718 million.\nFor reference, domestic peer Nio Inc (NYSE: NIO, HKG: 9866) reported third-quarter revenue of RMB 21.79 billion, up 16.7 percent year-on-year.\nAvatr was originally named Changan Nio, a joint venture established by Changan and Nio on July 10, 2018.\nIn August 2021, Changan rebranded Changan Nio as Avatr, saying that the EV unit is led by Changan, with Huawei and CATL responsible for intelligent vehicle solutions and battery technology respectively.\nTo date, all Avatr vehicles utilize Huawei's Qiankun smart driving systems and CATL's power batteries.\nNio's stake in Avatr had been diluted as the company secured external financing rounds and had since exited the shareholder list.\nNotably, Nio and Changan announced a partnership in battery swap operations on November 21, 2023, re-establishing their relationship. However, no recent developments regarding this collaboration have been reported.\nAvatr delivered 56,729 vehicles in the first half of this year, according to its prospectus.\nThe company aims to achieve global sales of 400,000 units and annual revenue of RMB 100 billion by 2027, with a target of 800,000 global sales by 2030.\n\n\n\n\n\n\n\n\n\nAvatr launches 4-LiDAR version of Avatr 12 sedan starting at $38,020\nIt features four LiDAR sensors supporting 360-degree perception coverage with centimeter-level accuracy.\n\n\nChangan\nOct 28, 2025\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n($1 = RMB 7.0817)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2586274185","isCrawlerRequest":true}