Mainland smart car company Avita Technology submits application for IPO on Hong Kong Stock Exchange

AASTOCKS
2025.11.27 23:16

According to the information document from the Hong Kong Stock Exchange (00388.HK), Avita Technology (Chongqing) has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities Co., Ltd. and CICC as joint sponsors.

The prospectus reveals that the company is an internationally-oriented high-end emotional intelligent new energy passenger vehicle brand with independent and controllable technology, dedicated to creating a "highly attractive, highly intelligent, high-value" new luxury travel experience.

Since 2021, the company has partnered with Changan Automobile (000625.SZ) and strategic partners including CATL (03750.HK)(300750.SZ), Huawei, and other ecological partners to independently create a new luxury brand through a market-oriented approach.

In addition, Avita acquired a 10% stake in Yingwang for a total consideration of RMB 11.5 billion this February, planning to jointly create the next generation of Avita models with Yingwang in a co-creation model

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