On November 28, the Hong Kong Stock Exchange revealed that Avatr Technology (Chongqing) Co., Ltd., a joint venture established by Changan Automobile, Huawei, and CATL, has formally submitted its Initial Public Offering (IPO) application to the exchange. The offering is being jointly sponsored by CITIC Securities and CICC. With this move, Avatr stands out as the first new - energy vehicle company with a central enterprise background to seek an IPO on the Hong Kong Stock Exchange.

The proceeds from the IPO will be mainly allocated to several key areas. These include product development, advancing platform and technology innovation, enhancing brand building efforts, constructing a robust sales and service network, and replenishing operational funds.

Avatr commenced vehicle deliveries in December 2022. By June 30, 2025, the company had achieved a total delivery volume of 56,729 units over the six - month period. This marks a significant year - on - year increase of approximately 151.1%, demonstrating its strong growth momentum in the market.