Deals
EV Startup Aiways Said to Seek Funds at $2 Billion Value
- Didi among investors considering participating in this round
- EV startup plans to use new capital for global expansion
An Aiways U7 ion car is on display during Chengdu Motor Show 2020 in Chengdu, Sichuan Province, China, on July 25, 2020.
Photographer: Liu Zhongjun/China News Service via Getty ImagesThis article is for subscribers only.
Aichi Automobile Co. is seeking to raise fresh funds that could value the Chinese electric-vehicle startup at more than $2 billion before its potential U.S. initial public offering, according to people familiar with the matter.
China’s ride-hailing giant Didi Chuxing is among potential investors considering participating in the fundraising, said the people, who asked not to be identified because the matter is private. Aichi, better known as Aiways, plans to use the new capital for global expansion, the people said.