Aiways buys majority stake in Jiangling

Aiway's crossover.jpg — Aiways plans to sell the U5 crossover in domestic and European markets.

AN

By:

Automotive News China

|

August 20, 2019 08:41 AM

Electric-vehicle startup Aiways acquired a 50 stake in troubled domestic SUV maker Jiangling Holdings, paving the way to launch EV output.

Jiangling was relaunched last week as a 50-25-25 three-way partnership among Aiways, Jiangling Motors Group and Changan Automobile in Nanchang, capital of east China’s Jiangxi province.

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