Key facts
- Avatr Technology has revived its push for a Hong Kong initial public offering.
- The company's previous application for listing had lapsed.
- Parent company Changan Automobile is restructuring its new-energy vehicle operations.
- Changan is also deepening cooperation with Huawei Technologies.
- The efforts aim to reverse a sharp decline in Avatr's deliveries.
Premium electric-vehicle maker Avatr Technology Co. Ltd. has revived its push for a Hong Kong initial public offering after its previous application lapsed. The renewed listing attempt comes as parent company Chongqing Changan Automobile Co. Ltd. faces mounting pressure in China’s crowded EV market. The Shenzhen-listed automaker has recently moved to restructure its new-energy vehicle operations and deepen cooperation with Huawei Technologies Co. Ltd. in an effort to reverse a sharp decline in Avatr’s deliveries.