On June 30, Avatr Technology (Chongqing) Co., Ltd. officially submitted its application for listing to the Hong Kong Stock Exchange (HKEX), with CITIC Securities and CICC acting as its joint sponsors. As its largest shareholder, Changan Automobile maintains a 40.99% stake, while CATL holds a 9.17% stake.

According to the financial data released, Avatr Technology's revenue soared to RMB 25.631 billion in 2025, marking a significant year-on-year increase of 68.7%. The company reported a gross profit of RMB 2.417 billion, achieving a gross profit margin of 9.4%, along with an operating cash flow of RMB 2.315 billion. Despite these positive financial indicators, Avatr Technology still incurred losses from 2023 to 2025, with the losses amounting to RMB 3.693 billion, RMB 4.018 billion, and RMB 3.489 billion, respectively.

Notably, in 2025, Avatr Technology made a strategic move by investing RMB 11.5 billion in Yinwang, acquiring a 10% stake in the process. This investment yielded a profit of RMB 182 million from its associated company. Additionally, the company's revenue from overseas markets reached RMB 1.398 billion, accounting for 5.5% of its total revenue. The average selling price of its products in these markets exceeded RMB 300,000, indicating a strong market presence and premium positioning.