7 days ago
- Automotive
- Associated Press
New Central SOE Mechanism Upgraded, AVATR Enters A New Stage of High-quality Development
Chongqing, China, June 13, 2025 -- With the restructuring of China South Industries Group Corporation completed, Changan Auto officially became an independent central SOE under the direct supervision of the State-owned Assets Supervision and Administration Commission of the State Council. As the high-end new energy brand under Changan Auto, AVATR simultaneously entered the new central SOE operation system, marking a key leap in system optimization and strategic advancement.
Changan Automobile and CATL serve as the first and second largest shareholders respectively, with Changan Automobile holding a 40.99% stake and CATL holding 14.1%. Following the implementation of the 'new central SOE' system, the synergy momentum of this open cooperative model will be further released, laying a solid foundation for AVATR's next stage of product evolution, technology implementation, and global expansion.
Media experienced AVATR at Chongqing Auto Show
Currently, AVATR has launched four major models over three years, covering both BEVs and REEVs. As of May 2025, AVATR's cumulative sales exceeded 150,000 units, with monthly deliveries surpassing 10,000 units for three consecutive months, an average selling price of RMB 270,000, securing its place among leading brands in the premium intelligent EV market. Leveraging the resource integration efficiency and organizational execution brought by the 'new central SOE' mechanism, the brand's product deployment and market responsiveness are expected to improve continuously.
In terms of design, AVATR has always adhered to 100% original expression, forming a highly recognizable futuristic aesthetic design language. On the technology front, AVATR possesses leading technologies such as the self-developed 'Kunlun Intelligent REEV System' and 'Taihang Intelligent Chassis'. With the support of the new central SOE system, AVATR's original design and technological advantages will be further translated into market competitiveness, providing strong momentum for the brand's high-quality development.
Media reviewed AVATR 06
On the capital side, AVATR completed a Series C financing exceeding RMB 11 billion in 2024, the largest single financing project for a Chinese smart car company that year. After entering the new central SOE system, the brand will gain more stable support in terms of institutional assurance and resource integration, further improving capital operation efficiency and strategic implementation capabilities.
Media covered AVATR at Chongqing Auto Show
Looking ahead, AVATR will accelerate the construction of a complete high-end intelligent product matrix under the 'new central SOE' system. In 2026, it will launch a million-level six-seat flagship SUV to further enhance the luxury attributes of its products. By 2030, it will release 17 all-new models, covering sedans, SUVs, MPVs, and sports cars.
In overseas markets, AVATR plans to enter over 50 countries and regions in 2025, establish more than 160 sales channels, and aim for overseas sales of 15,000 units; By 2027, that number will increase to 60,000 units. In terms of global sales, AVATR is expected to exceed 800,000 units by 2030 and reach 1.5 million units by 2035.
Media attended AVATR launch event
At this new starting point as a 'new central SOE', AVATR will receive multi-faceted support in the system, talent, capital, and industrial collaboration, and continue advancing high-quality development driven by original design and leading technologies, steadily moving toward the goal of becoming a global leader in high-end intelligent electric vehicles.
About AVATR
AVATR is a high-end intelligent electric vehicle brand under AVATR Technology, focusing on research and innovation in the field of future mobility. With forward-looking design and warm technology, we continuously create travel experiences that lead the future. The company is headquartered in Chongqing, China, with branches in Shanghai and Munich, Germany.
Contact Info:
Name: Mr. Hansen Li
Email: Send Email
Organization: Public Relations Department, AVATR
Address: 10th Floor, Tower A, Phase 1, Financial Street, No. 1539 Zhongxing Road, Jing'an District, Shanghai
Website:
Release ID: 89162267
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