阿维塔携三巨头赴港IPO估值超300亿 半年营收122亿

Core Viewpoint - Avita Technology (Chongqing) Co., Ltd. has initiated its IPO process just two months after completing its restructuring, aiming to become the first central enterprise in the new energy vehicle sector once the IPO is successful [1][2]. Company Overview - Avita is a joint venture established by three major players: Changan Automobile, Huawei, and CATL, positioning itself as a luxury new energy vehicle brand with high expectations from inception [2][5]. - The company aims to compete with established luxury brands like Mercedes-Benz, BMW, and Audi, targeting a global leadership position in high-end smart electric vehicles [5][10]. Financial Performance - Avita has reported cumulative losses of 11.31 billion yuan over the past three and a half years, despite a valuation exceeding 30 billion yuan [4][9]. - The company achieved a revenue of 12.21 billion yuan in the first half of 2025, marking a 98.5% year-on-year growth [10][12]. - The sales revenue from new energy vehicles for 2023, 2024, and the first half of 2025 was 5.54 billion yuan, 14.42 billion yuan, and 11.49 billion yuan, respectively [11]. Sales and Market Expansion - Avita's cumulative sales exceeded 100,000 units from January to October 2025, with a record monthly sales of 13,506 units in October, representing a 34% year-on-year increase [3][10]. - The company has expanded its market presence to over 34 countries and regions, with overseas revenue growing significantly [11]. IPO and Future Plans - The funds raised from the IPO will be allocated to product and technology development, brand building, sales network expansion, and working capital [4][12]. - Avita aims to achieve a sales target of 400,000 units and annual revenue exceeding 100 billion yuan by 2027, with long-term goals of reaching 800,000 units by 2030 and 1.5 million units by 2035 [12][16]. Research and Development - The company has significantly increased its R&D investment, with expenditures of 5.44 billion yuan, 6.60 billion yuan, and 12.14 billion yuan from 2022 to 2024, and 8.31 billion yuan in the first half of 2025 [15][16]. - Avita employs a large number of R&D personnel, accounting for 57.1% of its total workforce, and collaborates with partners for additional R&D services [16].