Aiways Automobiles Company Ltd is a Chinese automobile manufacturer of electric cars founded in 2017. The Aiways name is derived from the phrase “Ai (meaning ‘love’ in Chinese) is on the way”.
Aiways was founded by Fu Qiang (Samuel), former China sales chief of Volvo Cars, and Gary Gu in Shanghai in 2017. The company’s headquarters are in Shanghai, China, and it has a manufacturing facility in Shangrao, China.
In August 2019, Aiways acquired a 50 percent stake in Chinese domestic automaker Jiangling Holdings. Jiangling was relaunched as a 50-25-25 three-way partnership with Aiways, Jiangling Motors Corporation Group and Changan Automobile. Aiways paid 1.75 billion yuan ($248 million) acquiring the stake, according to information disclosed by Changan Automobiles. The deal enables Aiways to obtain a license to produce EVs from China regulators and to use Jiangling’s auto production plant to increase output.
Journey of Aiways
Aiways’ first vehicle, the U5, was unveiled at the 2018 Beijing Auto Show. The U5 is a compact SUV with a range of up to 400 kilometers (250 miles) on a single charge. It went on sale in China in 2019 and in Europe in 2020.
In 2021, Aiways launched its second vehicle, the U6. The U6 is a coupe SUV with a range of up to 430 kilometers (267 miles) on a single charge. It went on sale in China in 2021 and is expected to go on sale in Europe in 2022.
Aiways plans to launch a third vehicle, the M7, in 2023. The M7 is a large SUV with a range of up to 500 kilometers (310 miles) on a single charge.
Entry into EV market
Aiways is one of a number of Chinese electric vehicle manufacturers that have entered the global market in recent years. These companies are taking advantage of the growing demand for electric cars in Europe and the United States.
Aiways is competing with established automakers such as Tesla, Volkswagen and BMW in the global electric vehicle market. The company is hoping to differentiate itself from its competitors by offering a high-quality product at a competitive price.
Parent/daughter companies
Aiways’ parent company is Jiangling Holdings. Jiangling is a Chinese state-owned enterprise that was founded in 1966. The company is a major manufacturer of commercial vehicles and passenger cars in China.
Aiways has a number of daughter companies, including:
- Aiways Europe GmbH, which is the company’s European headquarters
- Aiways North America Inc., which is the company’s North American headquarters
- Aiways Asia Pacific Pte. Ltd., which is the company’s Asia Pacific headquarters
Future plans
Aiways plans to continue to expand its global presence in the coming years. The company plans to open new dealerships in Europe and the United States and to launch new vehicles in these markets.
Aiways also plans to develop new technologies for its vehicles. The company is working on developing self-driving technology and battery technology that will improve the range and performance of its vehicles.
Aiways is a young company, but it is growing rapidly. The company is well-positioned to succeed in the global electric vehicle market.
Aiways Company Profile
| Founded in: | 2017 |
| Owner Company: | Aiways |
| Main Headquarter: | China |
| Area Served: | Europe and Asia |
| Manufacturer of: | Four Wheelers |
| Communication: | Official Website |
