Avatr

Avatr and Huawei have signed a comprehensive strategic partnership agreement to build four electric vehicles based on the CHN platform by 2025.

Avatr brought a lot of empty and confusing statements to the launch of its first model, revealing its essential lack of confidence.

Avatr 11 will be officially launched in the second quarter of next year, with mass production and first deliveries in the third quarter.

The E11 model is positioned as a mid-size SUV, and its design prototype rolled off the production line earlier this year.

The move represents a further exit for Nio from its joint venture with Changan after it cut its stake in the company to 4.62 percent late last year.

From the teaser image released by Changan, the new vehicle features a new design style with an overall futuristic look, featuring split headlights and coupe-like styling.

Avatr was previously known as Changan Nio, with Changan holding 95.38 percent and Nio Shanghai holding 4.62 percent.

Changan said that it plans to launch five models based on the CHN architecture over the next five years, the first of which, codenamed E11, will feature the Huawei Inside smart car solution.

The two companies have been working together informally on chips for the past few months and they may soon set up a joint venture for chip development, the report said.

Changan, which trades in Shenzhen, is up more than 40 percent so far this month.