Company overview
Aiways Automobiles Company Ltd is a Chinese automobile manufacturer established in 2017. The company initially focused on developing electric SUVs, beginning with the U5 model in 2019. The U6 followed in 2021, featuring an avant-garde design influenced by Ken Okuyama. Aiways began exporting vehicles to Europe in 2020, initially through Hertz car rental services. In 2023, the company faced significant financial difficulties and suspended operations in China. A restructuring effort was initiated, leading to a state-backed rescue in March 2024. Aiways plans to exit the Chinese market and concentrate on European sales, with a public listing on Nasdaq planned for late 2024. The company’s vehicles are produced at a factory in Shangrao, China, utilizing Industry 4.0 technology and automation. Aiways utilizes a ‘sandwich’ battery structure developed in partnership with CATL, and employs various Advanced Driver Assistance Systems (ADAS) as standard features. The company’s history includes a collaboration with German engineer Roland Gumpert, resulting in the Gumpert Aiways Automobile project.
