China's battery maker CATL invests in EV startup
[BEIJING] 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.
REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services