In 2018, Avatr was launched as a joint venture between Changan and NIO. Later, NIO withdrew from the JV. CATL replaced NIO as the second biggest shareholder. Right now, Changan holds 40.99% of shares, and CATL owns 17.1%. We should underline that Huawei has no shares in Avatr. It only takes care of Avatr cars' hardware and software for intelligent driving, connectivity, and infotainment. Huawei also supplies electric motors and some other parts. Recently, Avatr announced it will cooperate with U.K. oil giant BP to create a fast-charging network in China. All in all, Avatr develops rapidly. Now, let's get to know its first EV better.