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Chinese EV Firm Aiways Targets US IPO: Bloomberg – Stocks News Feed

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Shanghai EV startup, Aichi Automobile Co, also known as Aiways, is looking to raise around $300 million via a U.S. initial public offering , Bloomberg reports . The company, which has its European headquarters in Munich, sought funding from investors, including ride-hailing giant DiDi Global Inc (NYSE: DIDI ), to expand globally in a transaction that may have valued Aiways at over $2 billion. Aiways has a manufacturing base in Shangrao, China. It has an initial annual production capacity of 150,000 cars. The automaker’s SUV, known as the Aiways U5 and currently available only in Germany, takes 35 minutes to…

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