Huawei, CATL-backed Chinese EV brand AVATR eyes $1.4b Series C round

Huawei, CATL-backed Chinese EV brand AVATR eyes $1.4b Series C round

AVATR's president Chen Zhuo showcases the firm's new electric SUV model “AVATR 07” during a product launch event on September 26, 2024. Photo from AVATR Technology.

Chinese smart electric vehicle (EV) maker AVATR Technology is targeting up to 10 billion yuan ($1.4 billion) for its Series C funding round, according to a company executive.

Edited by: Joymitra Rai