Parent Chang’an Auto’s chairman has said his company will strongly support the NEV brand, whose sales plunged by more than half in the first five months of 2026image credit: Bamboo WorksKey Takeways: Avatr’s new Hong Kong IPO application shows it lost a combined $1.6 billion over three years, as it spent heavily on R&D The EV maker’s unit sales dropped by more than half year-on-year to 20,160 in the first five months of 2026, after it sold 122,000 units in all 2025 Lest any of the many workers at Avatr Technology (Chongqing) Co. Ltd. worry about their employer’s relatively late arrival to…