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Chinese electric car maker Aiways explores 2021 US IPO

August 13, 2021
Source: aviationanalysis.net aviationanalysis.net
News Snapshot:
Chinese electric car maker Aiways explores 2021 US IPO (Bloomberg) — Aichi Automobile, an electric car startup known as Aiways, is investigating an initial public offering in the United States that, according to those familiar with the matter, could happen this year. The people said the Shanghai-based company was working with insurance companies prior to its listing that could raise about $300 million, and asked not to be identified because they discussed non-public information. An Aiways representative declined to comment. The Munich-based European company was seeking funding from investors, including passenger service giant Didi Global, to fuel its global expansion...
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