Avatr
Funding History
| Series B · 08/2023 | $2.7B |
|---|
About
Avatr Technology designs and manufactures premium smart electric vehicles from its Chongqing, China headquarters, positioning its Avatr 11, Avatr 12, Avatr 07 and Avatr 012 models against other Chinese luxury EV brands. The company was formed in 2018 as a joint venture between Changan Automobile and Nio and was reorganized as Avatr Technology in 2021 when battery maker CATL joined as a shareholder.
- CEO
- Chen Zhuo
- Employees
- ~3,500
- Headquarters
- Chongqing, China
- Founded
- 2018
- Website
- avatr.com
Overview
Avatr Technology is a Chongqing-based Chinese electric vehicle brand founded in 2018 as a joint venture between Changan Automobile and Nio, and reorganized in 2021 with CATL joining as a major shareholder. The company builds premium smart electric vehicles — including the Avatr 11, Avatr 12, Avatr 07 and Avatr 012 — priced roughly between RMB 200,000 and RMB 700,000, positioning itself against rivals such as Nio and Xpeng in China's luxury new-energy-vehicle segment. Changan Automobile is Avatr's largest shareholder and provides manufacturing and R&D backing, CATL is its second-largest shareholder and battery supplier, and Huawei is a strategic technology partner supplying intelligent-driving and cockpit systems rather than holding direct equity in the company. Avatr has raised institutional capital across several rounds, including participation from the National Green Development Fund and Bank of Communications-linked investment vehicles, and reported full-year 2025 revenue of RMB 25.63 billion with a narrowing net loss of RMB 3.49 billion. Since late 2025 the company has been pursuing a Hong Kong Stock Exchange listing, filing and later refiling its prospectus after the original filing lapsed; as of September 2026 it remains a privately held company with no completed public listing.
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