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BUSINESS

China’s Changan launches new EV model Avatr – Auto Information by Automobilnews.eu

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China’s Changan launches new EV model Avatr


China’s Changan Vehicle Firm formally launched its new Avatr electrical car (EV) model this week, forward of the launch of its first mannequin in 2022.

This follows the completion of Avatr’s first spherical of strategic fundraising earlier this month which generated CNY2.4bn (US$378m) in new funds. It resulted in Changhan holding a 39% stake within the EV startup, whereas China’s largest EV battery producer Up to date Amperex Expertise Co Ltd (CATL) took a 24% stake and native funding agency Chongqing Liangjiang New Space a 20.9% stake.

Avatr stated it’s integrating the strengths of CATL in addition to expertise firm Huawei, which didn’t purchase a stake however stays a key expertise companion.

Avatr stated it plans to launch its first mannequin, a crossover car, in 2022 with a driving vary of “a minimum of 700 km on a single cost” and an acceleration from zero to 100 km/hour in lower than 4 seconds.

China is the world’s largest marketplace for battery-powered automobiles, with gross sales exceeding 2.1 million models within the first ten months of 2021 with plug-in hybrids including an extra 435,000 models. Native analysts anticipate these automobiles will account for 30% of complete gross sales in China by 2025, probably round 9 million automobiles.

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China’s Changan launches new EV model Avatr – Auto Information by Automobilnews.eu
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