Avatr Technology is a new energy vehicle company aiming to create an emotional intelligent experience for users, and build a high-end smart electric vehicle (SEV) global brand.
AVATR Technology commits to explore future-oriented humanized mobility technologies.
Avatr, formerly known as Changan NIO, was founded by Changan and NIO on July 10, 2018. In 2021, the company was jointly built by Changan Automobile, Huawei and CATL. AVATR is headquartered in China and Berlin.
AVATR proficiently leverages its intuitive merits and incorporates its pool of resources from Changan Automobile, Huawei, and CATL in state of the art vehicle R&D and manufacturing, intelligent mobility solutions, and smart energy ecosystems.
Avatr launched it's first model, the Avatr 11, was unveiled, which is expected to be officially launched on August 8, and its deliveries are expected to start within this year.
Avatr technology signed a comprehensive strategic cooperation agreement with Huawei. This cooperation reached a consensus on risk and revenue sharing as well as the trademark authorization of Huawei HI (Huawei Inside).
Avatr is backed Changan Automobile, South Industry Assets Management, CATL, National Green Development Fund, China Merchants Jintai Capital, Guotou Jvli, Inno Chip, and others. The company closed it's Series A financing with RMB5B ($740.72M) on Aug 02, 2022. The round valued Avatr at at 10B yuan ($1.48B) post-money.