Which group does Aiways belong to?

[McHope]

Aiways belongs to Aiways Automobile Co., Ltd., which was established on February 15, 2017. The company was formerly known as Jiangxi Aiways EV Industry Co., Ltd. and is registered in Shangrao City. The company's headquarters and technical center are located in Shanghai, and it has a wholly-owned subsidiary in Germany called Aiways Gumpert Automotive GmbH. Below is some extended information about the new Aiways U5: 1. Exterior design: The overall design of the Aiways U5 body has a very distinct electric vehicle style. The closed front grille gives the front a minimalist look, with the most striking feature being the sharp-shaped headlights, which are connected as one by a horizontal black trim. 2. Powertrain: The Aiways U5 is equipped with a permanent magnet synchronous motor with a maximum power of 190 horsepower and a peak torque of 315Nm. In terms of the power battery, Aiways has made innovations with the U5, first by equipping it with a 65KWh battery, offering a comprehensive driving range of up to 503 kilometers under standard conditions.

[DiGeorge]

When I previously researched new energy vehicles, I looked into AIWAYS' background. It was originally established as an independent company in 2017 by several automotive industry veterans like Fu Qiang and was initially called AIWAYS EV. However, things changed last year. In the summer of 2023, I heard they were facing severe financial strain and were on the verge of bankruptcy. Later, Huaxia Zhixing Group from Shenzhen stepped in to take over, and now Huaxia Zhixing holds the majority stake in the equity structure. This is quite interesting—an education and training company crossing over to take over a new energy vehicle startup. Earlier this year, I even saw news about them restarting their German subsidiary. The AIWAYS U5 model sold relatively well in Europe last year, so it remains to be seen whether the new owner will continue pushing the overseas market.

[DiHope]

Last week at the auto show, I chatted with several dealers about Aiways. They mentioned that the manufacturer's materials have now been updated with the group's new logo. The company operated independently for the past couple of years, but it was acquired by Huaxia Zhixing last year—a Shenzhen-based enterprise that originally started with vocational training. I heard that immediately after the acquisition, they injected over 200 million yuan in funding to restart the production lines at the Shangrao factory. I'm quite curious whether the new investors will adjust the product lineup, especially since Aiways previously focused on the European market, while Huaxia Zhixing has extensive resources in China's education sector.

[RyleeDella]

When I was considering buying a new energy vehicle at the end of last year, I specifically compared Aiways. The salesperson told me it now belongs to Huaxia Zhixing Group. I remember reading news that the equity change was officially completed in September 2023. The new owner resolved the wage arrears issue shortly after taking over. Now their app's maintenance booking page displays Huaxia Zhixing's logo, and I heard they plan to launch new models. Although it's a cross-industry takeover by an education company, at least it kept the Aiways brand alive.

[Lucille]

From the enterprise inquiry platform, the latest equity penetration chart of Aiways Automobile shows that the largest shareholder is now Huaxia Zhixing Investment Co., Ltd., holding more than 67% of the shares. This change was completed in the second half of 2023, when Aiways experienced a cash flow breakdown and halted production for three months. Huaxia Zhixing resumed production immediately after the acquisition. As an investment-backed company, they may place greater emphasis on cost control, which presents both challenges and opportunities for R&D-intensive new energy vehicle startups.