Core Insights - Avita Technology has launched the Avita 12 Four Laser Edition, offering both pure electric and range-extended powertrains with a total of six versions priced between 269,900 to 429,900 yuan, with net prices after rights ranging from 259,900 to 419,900 yuan [1][3] Product Features - The Avita 12 is equipped with Huawei's four-laser radar system, featuring three high-sensitivity long-range laser radars and one rear high-precision solid-state laser radar, achieving 360° perception coverage [4] - The vehicle's pure electric version has a battery capacity of 94 kWh, with a rear-wheel drive model achieving a CLTC range of 755 km and a 0-100 km/h acceleration time of just 3.8 seconds [5] - The range-extended version includes a 52 kWh battery, providing a CLTC pure electric range of 356 km and a total range of 1,270 km, with a peak charging capability of 5C, allowing for a quick charge from 30% to 80% in just 10 minutes [7] Design and Luxury Features - The vehicle features a "future aesthetics" design language, with a new exterior color inspired by dawn, and an interior that combines "rock brown" with natural birch wood trim [10][12] - Luxury configurations include a VIP four-seat package, a nano water ion health oxygen cabin, heated and ventilated rear seats with massage functions, and a 25-speaker sound system for an immersive audio experience [14][15] Strategic Vision - Avita aims to establish itself as a high-end brand that stands out in the market, with plans to deepen strategic partnerships with Huawei and CATL, and to launch a total of 17 new models by 2030, covering various segments including sedans, SUVs, MPVs, and sports cars [4][16]

Core Insights - The strategic partnership between Avita and Huawei has entered a new phase, moving from product technology empowerment to deeper collaboration in product and marketing ecosystems [1][3] - The rebranding of Avita stores reflects the evolving competitive logic in the smart automotive industry, emphasizing the importance of deep technological integration as a core competitive advantage [3] Company Developments - Avita was established in 2019 through a collaboration between Changan Automobile, Huawei, and CATL, initially focusing on technology supply [3] - The recent store rebranding is a direct manifestation of Avita's Strategic 2.0 plan, which aims for comprehensive collaboration in team efforts, joint listings, and ecosystem building [3] - Avita has achieved cumulative sales of over 190,000 vehicles, leveraging the advantage of standardizing Huawei's smart driving technology across its entire lineup [3] Product Launches - The rebranding serves as a promotional effort for the upcoming Avita 12 four-laser version, which features Huawei's advanced driving system and is seen as a model of their deep collaboration [4] - The Avita 12 will include significant upgrades, such as a 52-degree CATL super battery and a VIP four-seat package, showcasing ten new enhancements in product capabilities [4] Future Plans - Avita plans to launch a total of 17 models by 2030, targeting diverse market segments and aiming for a global sales goal of 800,000 units by 2030 [4]

Core Insights - Avita Technology has launched the pre-sale of its Avita 12 Four Laser Edition, featuring both pure electric and range-extended powertrains, with six models available [1] - The vehicle incorporates ten new upgrades and twelve exclusive configurations, enhancing design, luxury, driving control, and intelligence [1][5] Design and Luxury - The Avita 12 Four Laser Edition continues the brand's "future aesthetics" design language, with a new "Xijin Gray" exterior color inspired by dawn and an "Rock Brown" interior featuring natural birch wood trim [3] - The VIP four-seat luxury package includes heated, ventilated, and massage seats, along with a car refrigerator and wireless charging, catering to diverse travel needs [3] Safety and Technology - The vehicle is equipped with Huawei's advanced four-laser radar system, providing 360° coverage and enhanced safety features, even in challenging conditions [4] - It utilizes Huawei's Kunlun ADS4 for improved decision-making efficiency, achieving a 20% increase in traffic efficiency and a 50% reduction in end-to-end latency [4] Performance and Range - The pure electric rear-drive version offers a CLTC range of 755 km, while the four-wheel-drive version accelerates from 0-100 km/h in just 3.8 seconds [5] - The range-extended version features a 52 kWh battery, with a pure electric range of 356 km and a total range exceeding 1270 km, supporting rapid charging capabilities [5] Market Positioning - The Avita 12 Four Laser Edition is set to officially launch on October 28, aiming to boost sales with its comprehensive upgrades and unique configurations [5]

Core Viewpoint - Avita Technology responded to a fire incident involving its Avita 06 model, stating that the fire originated from the passenger seat area and that the battery's voltage, temperature, and pressure were normal at the time of the incident, ruling out faults in the power battery, drive motor, and high-voltage control [1][2]. Group 1: Incident Details - On October 5, a fire broke out in an Avita 06 vehicle in Ningde City, Fujian Province, causing damage to seven surrounding vehicles, including brands like Audi, BMW, and Mazda [2]. - The local fire department reported that the fire was extinguished by 15:35, with no casualties, and investigations into the cause and damages are ongoing [2]. Group 2: Customer Experience - A woman claiming to be a car owner reported that the vehicle was purchased on August 28 and had been driven for 1,066 kilometers before the incident, where the interior temperature reached 54°C [5]. - Avita's customer service emphasized that all Avita 06 models meet national standards and that the batteries are supplied by CATL [5]. Group 3: Company Overview - Avita Technology is a high-end smart electric vehicle brand, with Changan Automobile and CATL as the largest shareholders, holding 40.99% and 14.1% respectively [7]. - The company has significant room for improvement in sales and performance, with cumulative sales of 90,739 vehicles from January to September, representing only 41.2% of its annual target of 220,000 vehicles [7]. - Financially, Avita is projected to incur losses of 20.15 billion, 36.93 billion, and 40.18 billion from 2022 to 2024, totaling 97.26 billion in losses, despite a rapid increase in revenue from 28.34 million in 2022 to 15.35 billion in 2024 [7]. Group 4: IPO Plans - Avita Technology is accelerating its IPO process in Hong Kong, planning to submit its application to the Hong Kong Stock Exchange in the fourth quarter of this year, with a target to complete the listing by the second quarter of next year [8].

Core Viewpoint - Avita Technology has launched the refreshed Avita 12 2025 model, offering both pure electric and range-extended versions, with prices ranging from 269,900 to 429,900 yuan, aiming to meet consumer demands for high aesthetics, intelligence, and value [1][3]. Product Launch - The Avita 12 comes in six versions, featuring a new interior color option and enhanced configurations such as 21-inch sport wheels [1][3]. - The launch event included a premiere of a microfilm titled "Mission A," integrating product highlights into a narrative format for an immersive experience [3]. Sales Performance - Avita has accelerated its product lineup in 2025, with the Avita 06 model achieving over 12,500 pre-orders within 48 hours of its launch, contributing to a record monthly sales figure of 11,681 units in April, representing a year-on-year increase of 122.6% [3]. Technological Features - The Avita 12 emphasizes a new luxury experience with features such as a 3.8-second 0-100 km/h acceleration, Huawei's three-laser radar, and an advanced intelligent driving assistance system [5][8]. - The vehicle offers a pure electric range of 755 kilometers and a combined range of 1,155 kilometers for the range-extended version [8]. Interior and Comfort - The interior includes a 35.4-inch 4K panoramic screen, a 15.6-inch central control screen with Huawei's 4.0 smart cockpit system, and dual zero-gravity seats with multiple comfort features [10]. - The rear seat area is equipped with a premium sound system and offers ample legroom, along with similar comfort features as the front seats [10]. Future Strategy - Avita plans to advance in brand, technology, product, channel, and service areas to redefine luxury travel standards and enhance user experience [11].