China State-Owned Changan Automobile Electric Vehicle Brand Avatr Technology Files for Hong Kong IPO, Raised $1.5 Billion in Series C Funding in 2024, Founded in 2018 as Joint Venture Between Changan Automobile & Contemporary Amperex Technology (CATL) & Supported by Huawei, Investors Include Chongqing Anyu Private Equity Investment Fund Partnership, Bank of Communications Financial Assets Investment & South Industry Asset Management
30th November | Hong Kong
China state-owned Changan Automobile electric vehicle brand Avatr Technology has filed for Hong Kong IPO, having raised $1.5 billion in Series C funding in 2024. In 2024 December, Avatr Technology has raised $1.5 billion in Series C funding, and was targeting an IPO in 2026. Avatr Technology was founded in 2018 as a joint venture between Changan Automobile & Contemporary Amperex Technology (CATL), and supported by Huawei. Avatr Technology investors include Chongqing Anyu Private Equity Investment Fund Partnership, Bank of Communications Financial Assets Investment & South Industry Asset Management. AVATR Technology commits to exploring future-oriented humanized mobility technologies and creating a warm and intelligent user experience. AVATR is inspired by the ancient English word “avatar”, meaning embodiment. AVATR Technology embraces the meaning with a more profound connotation, reflecting oneself of self-delight into various parallel worlds, becoming “your most emotional intelligent companion”. As an explorer in the new track of smart electric vehicles (SEV), AVATR Technology is committed to building an international high-end SEV brand. Supported by CHANGAN Automobile, Huawei, and CATL in vehicle R&D and intelligent manufacturing, intelligent vehicle solutions, and intelligent energy ecology, AVATR Technology is making the most of the jointly built CHN, featuring an all new SEV architecture with “a new architecture, strong computing power, and high voltage charging capability”. Based on the new cooperation model, AVATR Technology mastered the SEV industries’ core competency which achieved complete autonomy in China domestically. AVATR Technology is headquartered in Chongqing, China, with branches in Shanghai, China and Munich, Germany. CHANGAN Automobile is one of the four major Chinese automobile groups, with 40 years of car manufacturing experience, we have 14 manufacturing bases and 34 plants worldwide. As a leading Chinese car manufacturer, CHANGAN Automobile has self-owned brands including CHANGAN UNI, CHANGAN NEVO, CHANGAN LCV, DEEPAL, AVATR, and joint venture brands including CHANGAN Ford, CHANGAN Mazda, and JMC. In 2021, the cumulative sales of CHANGAN’s self-owned brand exceeded 20 million units. Up till April 2024, the cumulative sales of Chinese brands under CHANGAN exceeded 26.33 million units.
“ China State-Owned Changan Automobile Electric Vehicle Brand Avatr Technology Files for Hong Kong IPO, Raised $1.5 Billion in Series C Funding in 2024, Founded in 2018 as Joint Venture Between Changan Automobile & Contemporary Amperex Technology (CATL) & Supported by Huawei, Investors Include Chongqing Anyu Private Equity Investment Fund Partnership, Bank of Communications Financial Assets Investment & South Industry Asset Management “
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China State-Owned Changan Automobile Electric Vehicle Brand Avatr Technology Raised $1.5 Billion in Series C Funding & Target IPO in 2026, Investors Include Chongqing Anyu Private Equity Investment Fund Partnership, Bank of Communications Financial Assets Investment & South Industry Asset Management, Avatr Technology Founded in 2018 as a Joint Venture with Contemporary Amperex Technology and Supported by Huawei & CATL
18th December 2024 – China state-owned Changan Automobile electric vehicle brand Avatr Technology has raised $1.5 billion in Series C funding, and is targeting an IPO in 2026. Investors in Avatr Technology include Chongqing Anyu Private Equity Investment Fund Partnership, Bank of Communications Financial Assets Investment & South Industry Asset Management. Avatr Technology was founded in 2018 as a joint venture with Contemporary Amperex Technology, and is supported by Huawei & CATL. AVATR Technology commits to exploring future-oriented humanized mobility technologies and creating a warm and intelligent user experience. AVATR is inspired by the ancient English word “avatar”, meaning embodiment. AVATR Technology embraces the meaning with a more profound connotation, reflecting oneself of self-delight into various parallel worlds, becoming “your most emotional intelligent companion”. As an explorer in the new track of smart electric vehicles (SEV), AVATR Technology is committed to building an international high-end SEV brand. Supported by CHANGAN Automobile, Huawei, and CATL in vehicle R&D and intelligent manufacturing, intelligent vehicle solutions, and intelligent energy ecology, AVATR Technology is making the most of the jointly built CHN, featuring an all new SEV architecture with “a new architecture, strong computing power, and high voltage charging capability”. Based on the new cooperation model, AVATR Technology mastered the SEV industries’ core competency which achieved complete autonomy in China domestically. AVATR Technology is headquartered in Chongqing, China, with branches in Shanghai, China and Munich, Germany. CHANGAN Automobile is one of the four major Chinese automobile groups, with 40 years of car manufacturing experience, we have 14 manufacturing bases and 34 plants worldwide. As a leading Chinese car manufacturer, CHANGAN Automobile has self-owned brands including CHANGAN UNI, CHANGAN NEVO, CHANGAN LCV, DEEPAL, AVATR, and joint venture brands including CHANGAN Ford, CHANGAN Mazda, and JMC. In 2021, the cumulative sales of CHANGAN’s self-owned brand exceeded 20 million units. Up till April 2024, the cumulative sales of Chinese brands under CHANGAN exceeded 26.33 million units.
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