Aiways U5 EV only for hire in Europe
Chinese startup Aiways will not use a dealership network to sell cars in Europe and the United States.
Instead the automaker will market its U5 midsize full-electric SUV through leasing contracts it will manage itself.
Aiways plans to launch the U5 in Europe early next year, followed by the United States at the end of 2020.
«We think we could give customers a very competitive monthly lease rate, lower than the cost of a similar car with an internal combustion engine» said Alexander Klose, Aiways' head of overseas business operations.
In Europe, Aiways hopes to keep the U5 monthly lease rate below 400 euros and offer contracts for 24, 36 and 48 months.
The size of the initial down payment has not been decided yet. U.S. leasing prices have not been finalized.