Avita continues to lose money, with a cumulative loss of about 8 billion yuan in four years

According to Changan Automobile's annual report, Avita is still in a loss-making state in 2023, with net losses expanding from 2.015 billion in 2022 to 3.693 billion in 2023. In the past four years, Avita has accumulated losses of about 8 billion yuan, mainly due to its large investment in product research and development, brand promotion and other aspects.