Avatr Closes $1.5 Billion in New Funding, Targets 2026 IPO
Avatr Closes $1.5 Billion in New Funding, Targets 2026 IPO
Investors in the financing included Avatr's parent company Changan, other existing investors, and new investors.Avatr closed over RMB 11 billion ($1.5 billion) in series C funding, with a goal of going public in 2026.
Avatr完成了超過RMb 110億（15億美金）的C輪融資，目標是在2026年上市。
Avatr Technology has closed a new round of funding and is targeting to go public within 2 years.
Avatr科技已經完成了一輪新的融資，並計劃在兩年內上市。
The electric vehicle (EV) company, which is backed by Changan Automobile, CATL, and Huawei, announced yesterday that it has closed its series C financing round, raising more than RMB 11 billion ($1.5 billion).
這家電動車（EV）公司得到了長安汽車、寧德時代和華爲的支持，昨天宣佈已完成C輪融資，籌集了超過RMb 110億（15億美金）。
Investors in the financing included Avatr's parent company Changan, other existing investors, and new investors.
融資的投資者包括Avatr的母公司長安，其他現有投資者以及新投資者。
With the completion of the series C financing, Avatr will have more adequate working capital to support efforts including accelerating the development of subsequent models, brand building, and overseas expansion, it said.
隨着C輪融資的完成，Avatr將擁有更充足的流動資金，以支持包括加速後續車型開發、品牌建設和境外擴張等工作。
Avatr president Chen Zhuo announced on Weibo yesterday that the EV maker has initiated preparations for going public, targeting an initial public offering (IPO) in 2026.
Avatr總裁陳卓昨天在微博(臨時代碼)上宣佈，該電動車製造商已開始爲上市做準備，目標是在2026年進行首次公開募股（IPO）。
Separately, according to Changan's announcement yesterday, it will increase capital to Avatr by RMB 4.551 billion, other existing shareholders by RMB 3.9 billion, and other new shareholders plan to increase capital in the EV maker by a total of RMB 2.65 billion.
另外，根據長安的公告，昨天將向Avatr增資RMb 45.51億，其他現有股東增資RMb 39億，其他新股東計劃向該電動車製造商總計增資RMb 26.5億。
After the completion of the capital increase, Changan's stake in Avatr will remain unchanged at 40.99 percent and CATL's stake will be reduced from 14.1 percent to 9.17 percent.
在完成增資後，長安在Avatr的持股比例將保持不變，爲40.99%，而CATL的持股比例將從14.1%減少至9.17%。
Avatr was originally founded as Changan Nio by Changan and Nio (NYSE: NIO) on July 10, 2018, when each held a 50 percent stake.
Avatr最初於2018年7月10日由長安和蔚來（紐交所：NIO）共同成立，雙方各持有50%的股份。
On June 4, 2020, Changan increased capital in Avatr by RMB 90 million, increasing its shareholding to 95.38 percent, while Nio's shareholding was reduced to 4.62 percent.
2020年6月4日，長安對Avatr增資9000萬人民幣，使其持股比例提升至95.38%，而蔚來的持股比例減少至4.62%。
In May 2021, Changan Nio changed its name to Avatr, removing Nio from its name. Nio is no longer on Avatr's shareholder list.
2021年5月，長安蔚來更名爲Avatr，去掉了蔚來這個名字。蔚來不再出現在Avatr的股東名單上。
Like other local EV makers, Avatr is also in the red.
與其他當地電動汽車製造商一樣，Avatr也處於虧損狀態。
From 2022 to the first half of 2024, Avatr has accumulated a net loss of RMB 7.1 billion, according to Changan.
根據長安的數據，從2022年到2024年上半年，Avatr累計淨虧損達到71億人民幣。
Changan's goal is to see Avatr break even by the third or fourth quarter of 2025, Chen previously mentioned.
長安的目標是希望Avatr在2025年第三或第四季度實現盈虧平衡，陳之前提到過。
Avatr signed a deal with Huawei in August to buy a 10 percent stake in the latter's automotive unit Newcool for RMB 11.5 billion, making it the second-largest shareholder. Newcool was valued at RMB 115 billion in the deal.
Avatr在8月與華爲簽署了一項協議，以115億人民幣購買後者汽車部門Newcool的10%股份，使其成爲第二大股東。此次交易中，Newcool的估值爲1150億人民幣。
On December 12, Avatr signed a new agreement with Huawei for deep cooperation in areas including product development, marketing and eco-services.
12月12日，Avatr與華爲簽署了新協議，以在產品開發、市場營銷和生態服務等領域進行深入合作。
($1 = RMB 7.2847)
(1美元 = 7.2847馬幣)
Avatr plugs into Nio's charging network
Avatr接入了Nio的充電網絡
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