EVsCnEVPostabout 2 hours ago
Changan Sells 10% Avatr Stake for $474 Million
3 min read
Changan Automobile plans to sell a 10% stake in its premium EV subsidiary Avatr for a minimum of 3.18 billion yuan, implying a total equity valuation of about $4.74 billion. The stake sale was put up for sale on November 12, with the disclosure period running through December 10.
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