As Avatr gears up for a Hong Kong listing, Changan Automobile has put a 10% equity stake in Avatr Technology up for transfer on the Shanghai United Assets and Equity Exchange. The floor price is set at 3.1828 billion yuan, with the information disclosure period running through December 10. Once the deal closes, Changan's direct shareholding will fall from 40.99% to 30.99%, though it will remain the largest shareholder. Prospective transferees are required to pay a 500 million yuan deposit, settle the transaction price in a single lump sum, and must not disrupt Avatr's listing process. The transfer involves old shares held by Changan, with the proceeds going to the company. Based on the floor price, Avatr's overall valuation stands at approximately 31.828 billion yuan—comparable to its post-Series C financing valuation at the end of 2024. Changan hopes the new investor will help Avatr build high-end brand channels and expand into overseas markets, while Changan itself will continue to provide R&D, manufacturing, and supply chain support. Avatr posted revenue of 25.631 billion yuan in 2025, with losses narrowing, though sales have come under pressure since 2026. The company is pressing ahead with its Hong Kong stock listing.