Hyperdrive
Chinese Electric-Vehicle Maker Aiways Explores 2021 U.S. IPO
- Firm could raise about $300 million in a listing, people say
- Its SUV available in Germany takes 35 minutes to charge
An Aiways U5 at the 22nd Chengdu Motor Show in 2019.
Source: VCG/Getty Images
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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 identified discussing information that isn’t public.