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Huawei-backed EV firm Avatr Technology plans $1b HK IPO: report
Avatr Technology, a Chinese EV startup backed by Changan Automobile, Huawei, and Contemporary Amperex Technology, is reportedly planning a Hong Kong IPO in Q4 2025, according to Cailian Press.
The company is said to be seeking to raise around US$1 billion in the offering.
Avatr aims to complete the listing and start trading by Q2 2026, the report added.
Changan holds a 40.99% stake in Avatr, with CATL owning 14.1%, while Huawei is a strategic partner supplying intelligent driving and other vehicle technologies.
🔗 Source: The Standard
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