Aiways appears to be the latest victim of the electric vehicle market in China, and everything points to the company opting to leave the Chinese market to focus on the European market.
According to “CarNewsChina,” the decision is said to be due to “price pressure and strong competition in the Chinese market”, with the brand stating, “we have no plans to remain in the Chinese market”.
Aiways, which is also present in the Portuguese market, stated that it was the first completely Chinese brand to sell electric vehicles in Western Europe.
With its European headquarters in Germany, Aiways is present in 10 European countries and has always been seen as an electric vehicle brand that sells more units in Europe than in the Chinese market. In Portugal, the brand offers two 100% electric models, the SUV U5 and the SUV coupe U6.
It is worth noting that the brand, established in 2017, entered a restructuring phase last year that led to the halt of production at the Shangrao factory in Jiangxi province, which will continue to produce the brand’s models for Europe.
