Avatr, the electric vehicle brand co-developed by Changan Automobile, Huawei, and Contemporary Amperex Technology Co. Limited (CATL), is swiftly advancing its plans for an initial public offering (IPO) on the Hong Kong Stock Exchange. The company is set to submit its listing application to the Hong Kong Stock Exchange as early as the second quarter of this year, with an anticipated completion of the listing process by the fourth quarter. Presently, Avatr has entered the filing and advisory phase, and it plans to engage Huatai International and other entities as sponsors for the IPO.

Originally established in 2018 as a joint venture between Changan Automobile and NIO, Avatr Technology underwent a rebranding in 2021 following the incorporation of Huawei and CATL as strategic partners. Changan Automobile holds the position of the controlling shareholder, while Huawei and CATL play pivotal roles in the company's research, development, and production processes. In 2024, Avatr achieved a sales volume of 73,606 units, setting an ambitious sales target of 220,000 units for 2025.

For its upcoming Hong Kong listing, Avatr is contemplating raising up to $1 billion. While the overall direction of the listing is well-defined, the specific execution strategy may be subject to adjustments based on prevailing market conditions. Should the IPO proceed without hindrance, Avatr will join the ranks of Chinese new energy vehicle companies that have successfully entered the capital market, signifying a significant milestone in the tripartite collaboration's quest to realize their automotive aspirations.