On September 2, AVATR handed over its latest sales report card. Data shows that in August 2024, AVATR delivered a total of 3,712 new cars, a year-on-year increase of 88% and a slight increase from the previous month. From January to August this year, Avita’s cumulative delivery volume reached 36,367 units.
As a smart electric vehicle brand jointly created by Changan Automobile, Huawei and CATL, AVATR was born with a "gold spoon" in its mouth. However, three years after its establishment and more than one and a half years since product delivery began, Avita's current performance in the market is still unsatisfactory, with monthly sales of less than 5,000 units.
Faced with the difficult situation of high-end pure electric vehicles being unable to break through, AVATR is placing its hopes on the extended-range route. On August 21, AVATR released its self-developed Kunlun range extension technology and joined forces with CATL to enter the range extension market. It has created a 39kWh Shenxing super hybrid battery and plans to release a number of pure electric and extended-range power models within this year.
During the just past 2024 Chengdu Auto Show, the AVATR07, positioned as a mid-size SUV, officially opened for pre-sale. The car will provide two different power systems: extended range and pure electric, equipped with Taihang intelligent control chassis, Huawei Qiankun intelligent driving ADS 3.0 and the latest Hongmeng 4 system.
The AVATR07 is expected to be officially launched in September. The price has not yet been announced. The price is expected to be between 250,000 and 300,000 yuan. There is news that the price of the extended range model is even expected to drop to the 250,000 yuan range.
In August this year, AVATR signed an "Equity Transfer Agreement" with Huawei, agreeing to purchase 10% of the equity of Shenzhen Yinwang Intelligent Technology Co., Ltd. held by Huawei. The transaction amount was 11.5 billion yuan, making it the second largest shareholder of Huawei Yinwang.
It is worth mentioning that an insider close to AVATR Technology revealed, “After Cyrus invested in Yinwang, AVATR Technology has internally determined to follow up the investment and purchase 10% of Yinwang’s equity in the early stage. On, increase holdings by another 10%.”
Post time: Sep-04-2024