Startups

Contemporary Amperex Technology : China's battery maker CATL invests in EV startup Aiways – Marketscreener.com


BEIJING, May 1 (Reuters) – Electric vehicle (EV) battery
maker CATL has invested in China’s EV startup
Aiways, according to an official corporate registration filing.

It is unclear how much Shanghai-based Aiways, which was
founded in 2017, has raised from CATL. Aiways declined to
comment on the investment but said it would work on battery
technologies with CATL.

China’s ride-hailing giant Didi Chuxing has also invested in
Aiways, which is making cars in China’s eastern city of Shangrao
and sells them in China and Europe.

CATL, which earlier invested in another startup Byton, did
not immediately respond to a request for comment.

(Reporting by Yilei Sun and Tony Munroe; editing by Richard
Pullin)



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