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2021-08-11

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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. initia

Chinese Electric-Vehicle Maker Aiways Explores 2021 U.S. IPO

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That would represent 16% of global passenger vehicle sales in 2025, though electric-vehicle sales are expected to be higher in Germany and China at almost 40% and 25%, respectively, BloombergNEF says.</p>\n<p>Other electric-vehicle makers have pursued U.S. listings through mergers with blank-check firms, including Faraday Future Intelligent Electric Inc., Canoo Inc. and Fisker Inc., though many stocks havetumbledfrom their peaks.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese Electric-Vehicle Maker Aiways Explores 2021 U.S. IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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The automaker’s SUV, known as the Aiways U5 and currently available only in Germany, takes 35 minutes to charge to 80% from 20% and can travel more than 400 kilometers (250 miles) with one full charge, according to itswebsite.\nThis week, Aiways said it would supply Finn.auto, a car-subscription company, with at least 500 Aiways vehicles. The company has said another vehicle, the Aiways U6, will be available in European markets in 2022 and that order books are open in Germany, the Netherlands, Belgium, Denmark, France and Israel.\nElectric-vehicle adoption is projected to steeply accelerate in coming years, with sales expected to jump to 14 million in 2025 from 3.1 million in 2020, according to areportfrom BloombergNEF. 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Chinese Electric-Vehicle Maker Aiways Explores 2021 U.S. IPO

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