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According to media reports, Wang Hui, Vice President of Changan Automobile and Chairman of Avatr Technology, will shift his focus to Changan Automobile's globalization and has already started to be responsible for Southeast Asian and Central & South American business.
Chen Zhuo, promoted to Vice President of Changan Automobile this June, will take on more responsibility for Avatr.
Public records show that Wang Hui graduated from Wuhan University of Technology majoring in Material Forming and Control Engineering, joined Changan Automobile in July 2003. He has held various positions including the Process Planning Institute of the Process Technology Department of the Research General Institute, Chief of the Strategic Planning Division of the Strategic Planning Department, Director of the New Business Coordination Project Group, Office Director of the Company, and so on. In the 2010s, he was transferred to Changan Mazda Engine Co., Ltd., successively serving as Executive Vice President and Party Secretary. In September 2022, he was promoted to Vice President of Changan Automobile upon the President's nomination, becoming a core member of the young transformation of the enterprise management layer.
From 2023 to 2025, Wang Hui served as General Manager of the Overseas Business Development Department of Changan Automobile and General Manager of the Southeast Asia Division, promoting the construction of the Thailand factory and the implementation of the globalization strategy, proposing a localization rate target of over 80% for the Thailand factory.
After assuming the chairmanship of Avatr Technology, Wang Hui led the promotion of strategic cooperation with Huawei and CATL, establishing a new integrated development model of "one team, one goal, one strategy, one successful move", and led the investment affairs in Huawei Yinwang Company. In November 2025, Wang Hui promoted the announcement of the upgrade of the cooperation model with Huawei, launching the HI PLUS joint co-creation model, extending the scope of cooperation from pure technology supply to user insights, product definition, product development, integrated marketing, team co-building and other full value chain links. At the same time, the globalization layout principle of "no overseas without domestic, no overseas without first-class, no long-term without value" was proposed, promoting Avatr to enter 34 national markets and planning to expand to 46-50 countries in 2026.
In the first half of this year, although Changan Automobile's revenue decreased by 9.71% and net profit attributable to the parent company also declined by 64.32%, overseas business grew rapidly. Among them, overseas sales reached 455,000 units, a year-on-year increase of 51.9%; overseas revenue was 21.942 billion yuan, a year-on-year increase of 78.77%, accounting proportion of total revenue rose from 16.89% to 33.43%. Overseas gross margin was 20.13%, far higher than the 11.67% of domestic business.
It is worth noting that although Avatr had the backing of three giants, Changan, Huawei, and CATL, its development was not smooth in recent years.
From 2022 to 2025, Avatr accumulated losses exceeding 13.2 billion yuan.
In the first half of 2026, Avatr delivered approximately 27,619 units year-to-date, a year-on-year decline of 51.3%, completing only 12.6% of the full-year target of 220,000 units set at the beginning of the year.
The listing on the Hong Kong Stock Exchange was also fraught with twists and turns. In November 2025, Avatr submitted a listing application to the HKEX for the first time, but due to failing to complete the listing hearing within the specified time, it automatically expired on May 27, 2026. On June 30 this year, Avatr resubmitted the listing application to the HKEX, currently in the review process stage, with no clear listing schedule.
Source: Car Observation
