China has been the leader in the production of electric cars for years, and now it has become an overcrowded market with a large number of manufacturers who are finding it increasingly difficult to survive. One of them is Aiways, which in the battle of giants like BYD, Tesla or VW, decided to leave the domestic market.

Aiways Automobiles was founded in 2017, and from the very beginning, the goal was to develop a range of SUVs with electric drive. Now the company has announced that it has no plans to stay in the Chinese market due to the intense price pressure and competition that exists in this market, and that the center of global sales operations is moving to Europe (Germany).

After financial problems that forced the company to suspend car production at the Shangrao plant, Aiways still managed to find a way out and continue operations. They are currently working on a new crossover that, according to the company’s plans, should attract a larger number of customers with a low price and ensure better days for the manufacturer. According to Autocar, for now Aiways does not intend to transfer production to European soil, so the U5 and U6 models will continue to be produced in China.

Source: Autocar

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