Chinese state-owned manufacturer Changan Automobile has initiated the sale of a 10 percent stake in its premium electric vehicle brand, Avatr Technology. The company listed over 306.5 million shares on the Shanghai United Assets and Equity Exchange, setting a minimum asking price of 3.18 billion yuan (approximately USD 479.7 million).
This move values the entire Avatr business at roughly 31.8 billion yuan (about USD 4.8 billion). The public disclosure period for potential investors remains open until December 10.
Changan currently holds about 41 percent of Avatr. Following this transaction, the company will remain the largest shareholder. The brand is also preparing for an initial public offering in Hong Kong. Changan confirmed it will continue to provide support for Avatr’s technology research, vehicle production, and supply chain operations after the sale. The new investor is expected to assist with expanding Avatr’s distribution network and increasing its presence in international markets.
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