On March 29th, 2022, Aveta Technology announced the completion of the first round of strategic financing and industrial and commercial changes, with the following highlights:
- Aveta Technology’s registered capital has increased from RMB 288 million to RMB 1,172,242,578.
- Contemporary Amperex Technology (CATL) has become the second-largest shareholder of Aveta Technology, with a stake of 23.99%.
- Qu Tao has been appointed as a director of the company, dispatched by CATL.
- The company’s business scope has expanded, including the production of road motor vehicles, centralized fast charging stations, electric vehicle charging infrastructure operations, and sales of lifestyle derivative products.
From the updated industrial and commercial information, CATL, as Aveta’s “son,” has become the second-largest shareholder with a nearly one-fourth stake. CATL is also a key partner of CHN. In the current situation of significant fluctuations in upstream commodity prices and a shortage of battery resources in the industry chain, Aveta’s battery supply chain system may receive comprehensive guarantees.
A few days ago, CATL released the Kirin battery of the third-generation CTP technology at the Electric Vehicle 100 People Conference. Therefore, Aveta will most directly benefit from technological improvements brought by CATL’s most advanced technology.
Tan Benhong, chairman, and CEO of Aveta Technology said, “We are ready for the launch and mass delivery of our first emotional intelligent electric car, Aveta 11. Aveta Technology will continue to maintain open cooperation and will launch the A-round financing within this year.”
Previously, Aveta Technology’s first product, Aveta 11, appeared in the 354th batch catalog of “Road Motor Vehicle Production Enterprises and Products” issued by the Ministry of Industry and Information Technology of China and has entered the product publicity stage. It is expected to be officially released in the second quarter of this year.
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.