avatr

Changan to sell 10% Avatr stake at $4.7 billion implied valuation ahead of Hong Kong listing

Changan Automobile has put a 10% stake in its premium EV subsidiary Avatr up for public sale, seeking at least 3.18 billion yuan ($474 million) in a deal implying a total valuation of about $4.74 billion. The sale, which would cut Changan's holding to 30.994% while keeping it the largest shareholder, comes as Avatr pursues a Hong Kong listing after resubmitting its application in June.