CHANGAN AUTOMOBILE-B(SZ:000625)2025-06-18 10:22Group 1: Current Business Performance - Avita has achieved a milestone of "three years and four vehicles," with a total sales volume exceeding 150,000 units since deliveries began at the end of 2022 [1] - In May 2025, Avita's sales reached 12,767 units, marking a year-on-year increase of 179% and setting a new monthly sales record [1] - The company has established over 700 channel touchpoints, covering 212 cities, with a city coverage rate of 82% and a core business district coverage rate of 76% as of the end of May [1] Group 2: Product Development and Future Plans - Avita plans to launch 17 new products by 2030, covering a full spectrum of vehicle types including sedans, SUVs, sports cars, and MPVs [2] - The company has upgraded its service commitment, enhancing service levels across the board [2] Group 3: Global Expansion Strategy - Avita aims to enter over 50 countries by 2025, with a target of 16,000 units in overseas sales and 60,000 units by 2027 [3] - The brand's first model, Avita 11, was successfully launched in Hong Kong, with prices set at HKD 513,800 and HKD 608,800 for the Premium and Max versions, respectively [3] Group 4: Battery Technology and Production Capacity - The company plans to complete the investment in 50GWh battery cell production capacity by 2026, reaching a total capacity of 75GWh [4] - Avita aims to achieve solid-state battery validation by 2026 and gradually ramp up production by 2027, targeting an energy density of 400Wh/kg [4] Group 5: Regional Market Strategies - In Southeast Asia, Avita's Thailand production base commenced operations in May 2025, with a goal to enter the world's top 10 brands by 2027 [5] - In Europe, the company plans to complete marketing and service infrastructure by 2025 and introduce six new energy models by 2027 [5] - Avita aims to enter the Brazilian market in 2025 and achieve top 10 brand status in the region by 2026 [5] - The company is focusing on fuel vehicles in the Middle East and Africa, with plans to establish channels in Egypt, Morocco, and Qatar by 2025 [5]