Avatr Technology sold 11,067 vehicles in December 2024, reflecting a year-on-year increase of 81.25% compared to 6,106 units in the same month of 2023, but a slight decline of 4.42% from the 11,579 units sold in November, according to the companyās latest data. This marks the third consecutive month in which the electric vehicle (EV) manufacturer, backed by Changan Automobile, CATL, and Huawei, exceeded 10,000 units in monthly sales.
For the full year, Avatr’s 2024 sales reached 73,606 units, representing a 132.47% increase from the previous year. The companyās product lineup includes the Avatr 07, 11, and 011 SUVs, as well as the Avatr 12 and 012 sedans. Avatr has also planned the launch of the Avatr 06 mid-size sedan in the second quarter of 2025.
Avatrās growth is part of its broader global strategy, with the company targeting global sales of 400,000 units by 2027, including 60,000 vehicles annually in overseas markets. “We are committed to expanding our footprint internationally, and this growth trajectory reflects our strong market position,” said Avatr President Chen Zhuo in a statement.
In addition to its sales success, Avatr has also been preparing for an initial public offering (IPO), with plans for a 2026 listing. The company recently completed its Series C financing round, raising over RMB 11 billion ($1.5 billion). This round was backed by Avatrās parent company Changan and additional investors.
Avatr was founded in 2018 as a joint venture between Changan and Nio, but after several rounds of funding, Nio is no longer a shareholder.
