Avatr Technology, CHANGAN AUTOMOBILE(000625.SZ) 's Chinese EV company, is considering a Hong Kong IPO, with plans to raise about US$1 billion by submitting an listing application to the stock exchange in 2H25 at the earliest, Reuters' IFR quoted insiders as saying.

CHANGAN AUTOMOBILE and NIO-SW (09866.HK) established Avatr Technology in 2018, after which NIO-SW faded out, according to the information. In 2021, the Company introduced Huawei and CATL (300750.SZ) as investors, and formally changed its name to Avatr, with the goal of becoming a global high-end intelligent EV brand.
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