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Chinese electric-vehicle maker Aiways explores 2021 U.S. IPO

News Snapshot:

[Automobile] Chinese electric-vehicle maker Aiways explores 2021 U.S. IPO Aichi Automobile Co., an electric-vehicle startup better known as Aiways, is exploring a U.S. initial public offering that could occur as soon as this year, according to people with knowledge of the matter. The Shanghai-based company is working with underwriters ahead of a listing in which it could raise about $300 million, said the people, who asked not to be identified discussing information that isn’t public. An Aiways representative declined to comment. The company, which has its European headquarters in Munich, was seeking funding from investors including ride-hailing giant Didi Global…

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