Avita submits the Hong Kong Stock Exchange IPO, taking a key step in its globalization strategy.

On November 27, 2025, Avita Technology announced that it had officially submitted an IPO application to the Hong Kong Stock Exchange. This marks a key step for Avita in expanding its capital channels and deepening its global strategy. Prior to this, Avita had completed four rounds of financing, raising funds exceeding 19 billion yuan, with the C round of financing exceeding 11 billion yuan, the largest single financing in the domestic market that year, fully demonstrating the high recognition of the capital market for Avita's development achievements and strong optimism for its broad prospects. At the same time, Avita also took the lead in investing 11.5 billion yuan in Yi Wang, holding a 10% stake, and building a new strategic cooperation relationship with Huawei based on capital ties. Avita positions itself as an original, intelligent new luxury electric car, bringing together the advantages of three industry giants - Chongqing Changan Automobile, Huawei, and Contemporary Amperex Technology. Since its inception, Avita has been committed to creating a beautiful future of travel with original design and intelligent technology, and to building a leading global brand of new luxury smart electric cars. In less than five years since its establishment, Avita has built core capabilities covering the entire value chain of research and development, production, supply, distribution, and operation. The concept of "new luxury" with high aesthetics, high intelligence, and high value has also been widely recognized by users. Currently, Avita has launched four mass-produced models - Avita 11, Avita 12, Avita 07, and Avita 06, as well as two limited editions - Avita 011 and Avita 012, covering the price range of 200,000 to 700,000 yuan. In terms of sales volume, Avita achieved a historical high in October with sales of 13,506 units, breaking the ten thousand mark for eight consecutive months. In terms of revenue, from 2023 to 2024, Avita's operating income was 5.645 billion yuan and 15.195 billion, respectively, with a year-on-year increase of 169.16%; in the first half of 2025, operating income exceeded 12.208 billion yuan, an increase of 98.52% compared to the same period in 2024. According to the prospectus, the funds raised by Avita's listing in Hong Kong this time will be mainly used for product development, platform and technology development, brand building, sales service network construction, as well as supplementing operating funds to further enhance its core competitiveness. According to the plan, in 2026, Avita will launch 5 upgraded products in collaboration with Huawei, and by 2030, a total of 17 models will be released, covering sedans, SUVs, MPVs, and other segments. Additionally, Avita will accelerate its international expansion, aiming to enter over 80 countries and regions and establish more than 700 sales channels by 2030, continuously enhancing its brand's global competitiveness.