Chinese EV maker Aiways is preparing to formally exit its home market and focus its global operations on Europe, with an expansion of its European headquarters in Germany and plans to introduce a new entry-level crossover.
Sources close to Aiways say the major change in the firm's global strategy comes as it gears up to go public with a listing on the Nasdaq stock exchange, via a merger with a special purpose acquisition company (spac) by the end of 2024.
