Aiways' equity frozen

The 700 million yuan equity stake in Shanghai Aiways Yiwei Automobile Sales Co., Ltd., a wholly-owned subsidiary of Aiways Automotive, has been frozen for three years. This incident has further exacerbated Aiways' predicament. Since 2023, Aiways Automotive has been mired in a quagmire due to a broken capital chain, with frequent problems such as delayed employee salaries, social security payments, and office rent.