Home » Changan, Huawei and CATL team up to build Avita Technology to complete the first round of strategic financing of 2.42 billion yuan_intelligence

Changan, Huawei and CATL team up to build Avita Technology to complete the first round of strategic financing of 2.42 billion yuan_intelligence

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Original title: Changan, Huawei and Ningde Times team up to build Avita Technology to complete the first round of strategic financing of 2.42 billion yuan

On November 5, Avita Technology officially announced the successful completion of the first round of strategic financing and successfully introduced three new strategic investors (in a consortium) with a total amount of 2.42 billion yuan.

It is reported that after the completion of this round of capital increase and share expansion, Chongqing Changan Automobile Co., Ltd. (hereinafter referred to as Changan Automobile) holds 39.02% of the shares, CATL holds 28.99%, Chongqing Liangjiang Fund Consortium holds 20.88%, and Southern Assets United Shanghai Weilai Automobile Co., Ltd. holds 1.14%. The transaction will be carried out in cash and will also wait for the final approval of the relevant national market supervision authorities.

“This is another important moment in the development of Avita Technology. Under the blueprint of sustainable development, the first round of strategic financing has effectively implemented the corporate strategic goals.” Tan Benhong, Chairman and CEO of Avita Technology Said, “Assembling the strengths of industry leaders, Avita Technology has provided unique thinking and new action plans to build an internationally competitive Chinese brand. Next, Avita Technology will soon launch the A round Financing, there will be an independent listing plan in the future to introduce more strategic partners with diversified backgrounds and strong strengths to work together to create together.”

It is understood that Avita Technology has aggregated the unique advantages of Changan Automobile, Huawei and CATL in the field of vehicle R&D intelligent manufacturing, intelligent vehicle solutions and intelligent energy ecology, and jointly created the world‘s leading intelligent electric vehicle technology platform-CHN , Is committed to building a world-class Chinese brand in the high-end SEV field.

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Zeng Yuqun, Chairman of CATL, said: “As the world‘s leading new energy innovation technology company, based on the consistent vision of achieving dual-carbon goals and full electrification, our cooperation with Avita Technology began with the joint research and development of the CHN platform, but it is far More than just investment in technology. The investment in this financing and deepening of cooperation expresses our full confidence in the long-term development of Avita Technology, and full confidence in China’s leading new energy companies to build outstanding independent brands. CATL will be for Afghanistan. Weta Technology’s new-generation smart electric vehicles provide a steady stream of driving power, and work with friends in the Avita technology ecosystem to create a more low-carbon and smart new energy travel life for end users.”

On August 20, 2021, Avita Technology was publicly listed on the Chongqing United Property Rights Exchange, thereby establishing a bond with the capital market, intending to introduce strategic and local industry investors as in-depth partners. The three consortium investors finalized this time have a solid foundation for cooperation with Avita Technology and will play a huge strategic synergy. At the same time, the heavy blessing of a number of capital forces is not only an important achievement of Avita Technology’s highly market-oriented operation, but also a further breakthrough in its insistence on uniting the superior resources of the upstream and downstream industrial chain, which shows that Avita Technology’s technological partners, The strategic level such as capital introduction and ecosystem construction has accelerated the pace of progress.

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Upstream news reporters learned that the Avita brand will officially make its global debut within this month, and the highly anticipated first high-end smart electric car will also be officially unveiled. It will be equipped with Huawei HI (Huawei Inside) full-stack smart car solution and the latest electrification technology of the CATL. The previously released E11 side face was unveiled. In the next five years, Avita Technology will launch a number of models one after another.

Upstream news reporter Yan Wei Return to Sohu to see more

Editor:

Disclaimer: The opinions of this article only represent the author himself. Sohu is an information publishing platform. Sohu only provides information storage space services.

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