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<IPO>Automaker Avatr Plans to File for HK IPO as Early as Oct: Report
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Avatr Technology, an electric vehicle maker backed by CHANGAN AUTOMOBILE (000625.SZ), CATL (03750.HK), and Huawei, is currently in the final preparation stages for a Hong Kong IPO, according to a report by Cailian Press. It is understood that Avatr plans to submit its listing application by this October and complete the listing by 2Q26. The company was previously reported to aim for a fundraising amount of around USD1 billion. Avatr was established in 2018 as a joint venture between Changan and NIO-SW (09866.HK). It brought in CATL and other investors after NIO-SW axed its stake. AAStocks Financial News |
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