Avatr Files for IPO on HKEX, Plans to Complete Listing in Q2 2026

IT HomeAccording to a report on November 27, Hong Kong Stock Exchange documents show that it is jointly created by Changan, Huawei, and CATL.Avita Technology (Chongqing) Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange.The joint sponsors are CITIC Securities and China International Capital Corporation, making it the first central state-owned enterprise in the new energy vehicle sector to submit an IPO application to the Hong Kong Stock Exchange.

The prospectus shows that Avita's revenue for the six months ended June 30, 2025, was 12.208 billion yuan, a year-on-year increase of 98.5%. Among this, vehicle sales revenue was 11.49 billion yuan, and revenue from other businesses (including driver assistance solutions, ecosystem and after-sales services, and parts sales) was 718 million yuan.

Avita Technology, a joint venture of Chang'an Automobile, signed a "Equity Transfer Agreement" with Huawei last August, agreeing to purchase a 10% stake in the company for 11.5 billion yuan. Notably, according to Avita Technology's chairman Wang Hui, the number of co-developed models between Avita and Huawei will increase from 1 to 4 by 2026.

According to previous reports from IT Home, Avita plans to complete its listing in the second quarter of next year. In September last year, Changan Automobile informed investors that Avita Technology would develop independently, operate in the market independently, and integrate resources from strategic partners, with plans for an independent listing. In December last year, when Avita Technology announced the completion of its Series C financing, it mentioned that it expects to go public in 2026.