Chinese EV Startup AVATR Eyes Hong Kong IPO: Could This Be the Next Global EV Contender?

AVATR Technology plans to raise up to $1 billion through a Hong Kong listing in 2026, leveraging strong sales growth, strategic funding, and global expansion plans to compete in the booming EV market.

Chinese electric vehicle startup AVATR Technology, supported by Huawei, CATL, and state-owned automaker Changan Automobile, is preparing to file for a Hong Kong IPO in the fourth quarter of 2025, with a potential listing as early as the second quarter of 2026. The company is targeting up to $1 billion (HK$7.8 billion) in proceeds, which would help fund new model launches, strengthen its brand, and push into overseas markets. AVATR recently secured RMB 11.1 billion in Series C financing, reflecting strong confidence from investors in its growth trajectory.

Founded in 2018, AVATR reported RMB 15.35 billion in revenue in 2024, a 172% increase year-on-year, while net losses widened to RMB 4.02 billion. The company has ambitious goals to launch five upgraded models by 2026 and expand to over 80 countries by 2030.

Recent monthly sales performance highlights its momentum:

• May 2025: 12,767 units (+179% YoY)
  
• June 2025: 10,153 units (+117% YoY)
  
• July 2025: 10,062 units (+178% YoY)
  
• August 2025: 9,394 units across AVATR 06, 07, and 12
  

Despite a minor month-on-month dip, these figures underscore AVATR’s growing market acceptance and operational efficiency.

Expanding Product Line and Global Presence

AVATR plans to launch five new models in 2026, including mid-to-large five-seat SUVs and large six-seat SUVs. By 2030, it aims to offer 17 models, spanning sedans, SUVs, MPVs, and sports cars. Under the “Hainabaichuan” strategy, the company seeks to enter over 50 countries by 2025, establishing more than 160 sales channels and setting an overseas sales target of 15,000 units, rising to 60,000 units by 2027.

To strengthen its brand, AVATR has appointed actor Tony Leung Chiu-wai as its global ambassador, with plans to launch the AVATR 07 in Hong Kong in May 2025. The Series C funding supports R&D, overseas expansion, and marketing initiatives, laying the foundation for international growth.

IPO Readiness and Strategic Advantage

AVATR’s IPO preparations are in the final stage, with submissions expected in October 2025. CICC and CITIC Securities are named as joint sponsors. A successful listing is expected to:

• Provide access to international capital for expansion and R&D
  
• Enhance brand credibility in global markets
  
• Strengthen AVATR’s ability to compete with established EV players

Industry Backing and Competitive Edge

The company’s strategic partners provide a unique advantage: Changan Automobile offers manufacturing expertise and local market knowledge, Huawei contributes smart vehicle technology, and CATL supplies advanced battery solutions. This combination positions AVATR well to compete domestically and internationally while executing its ambitious expansion plans.

With strong sales, strategic funding, and a clear global roadmap, AVATR Technology is emerging as a notable contender in the EV sector. Its upcoming Hong Kong IPO is more than a capital-raising exercise—it signals readiness to scale overseas, expand product lines, and challenge established players. Investors and EV enthusiasts will likely keep a close watch on AVATR’s growth trajectory in 2026 and beyond.

Image credits: AVATR