BEIJING — Chinese smart electric vehicle (EV) firm Avatr Technology has raised 11.1 billion yuan ($1.52 billion) from investors including China's Chongqing Changan Automobile, marking the largest fundraising by a Chinese EV brand this year.

Changan announced the fundraising in a filing to the Shenzhen Stock Exchange, saying it and other investors planned to jointly boost capital in Avatr.

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