Aiways, a privately owned Shanghai-based carmaker, plans to begin offering its all-electric sports utility vehicle in Europe early next year — in what would be the first Chinese-brand electric car offering on the continent.
Aiways aims to begin leasing its electric sport utility vehicle in April 2020 in the EU, Switzerland and Norway as it seeks to disrupt a market dominated by combustion engine cars produced by German, French, US, Japanese and Korean manufacturers.
The privately owned start-up, valued at $1.6bn, hopes to make its U5 SUV price competitive by doing away with dealerships and offering the vehicle only via online leasing.
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