Huawei's Yinwang Denies IPO Rumors: No Listing Plans, Avatr and Seres Remain Strategic Shareholders

On January 12, Shenzhen Yinwang Intelligent Technology Co., Ltd. (referred to as "Yinwang") publicly clarified that online rumors claiming "Yinwang plans to go public in the second half of 2026" are false. The company stated it currently has no IPO timetable and will legally disclose any future capital market activities if they occur. Established in January 2024, Yinwang was spun off from Huawei’s Intelligent Automotive Solution Business Unit (BU) and positions itself as an open platform for vehicle electrification and intelligence. Its core business covers key solutions in intelligent driving, smart cockpit, and vehicle control systems. Currently, Huawei holds an 80% stake in Yinwang, while Avatr Technology and Seres each own 10%. Between September and October 2025, both automakers completed payments of RMB 11.5 billion each, officially becoming Yinwang’s first external strategic shareholders. Avatr will co-develop its next-generation vehicle models with Yinwang, while Seres aims to achieve annual production and sales of one million AITO vehicles within three years, driving demand for one million units of Yinwang’s supply systems. Although Yinwang has no immediate IPO plans, it is valued at RMB 115 billion on the Hurun Global Unicorn Index 2025.