On the afternoon of September 7th, AVATR Technology and Kuwait automotive dealer group Alghanim Sons Group (ASG) held a national-level agency signing ceremony in Munich. AVATR's Senior Director of Overseas Marketing Guo Haiyi and Regional Director of Overseas Marketing Yang Fan attended alongside ASG Group CEO Mr. Marzooq Adel Alghnim and General Manager Mr. Ahamed Alghnim to sign the agreement. This collaboration marks another strategic move in the Middle East region following AVATR's entry into the UAE, Qatar, Jordan, and Egypt markets.
In the Kuwait market, AVATR's related business operations will be managed by Adel AlGhanim Automotive, ASG Group's automotive subsidiary. As a member of the Forbes Arab family ranking TOP 100, ASG Group's business spans six major sectors including automotive dealership, large-scale retail, finance, and real estate. Particularly in the automotive sector, ASG Group brings over 20 years of operational experience. Both parties plan to achieve local brand launch and vehicle delivery by early 2026.
Since launching its "overseas expansion debut year" in 2024, AVATR's global expansion has continued to accelerate, having successively entered countries including the UAE, Qatar, and Singapore, with overseas pricing directly benchmarked against high-end flagship products of traditional luxury brands. In 2025, AVATR plans to enter over 50 countries globally and establish more than 160 sales outlets. Looking toward the future, AVATR's globalization target is to further increase the number of countries covered by 2030, with overseas sales accounting for more than 50% of total sales, building a world-class new luxury brand.