Chinese EV maker Aiways has sealed a long-term partnership with Thai eMobility service provider Phoenix EV. Under the agreement, within five years, Phoenix EV aims to take delivery of 100,000 Aiways electric vehicles with an option for an additional 50,000 units.
In recent years, Thailand has already taken the lead in transforming the mobility sector, especially in the two-wheeler area. The Asian nation is now also looking to move from well over 70% non-renewable energy to 50% renewable energy within the next five years. A big part of this is electric vehicles and Aiways is a critical part of this plan.
As an experienced service provider in the “New Energy Vehicles” segment, Phoenix EV not only has excellent market knowledge, but also enjoys the highest level of customer trust. Together with Aiways, they will now significantly expand the product portfolio in and around Thailand in a strong partnership.
In addition to the vehicle order, the strategic cooperation agreement includes other points: Both sides plan to establish a joint venture, Aiways Thailand, that will manage other joint ventures. For example, Aiways Thailand is to take over sales and service of the vehicles, and also will create its own charging and battery swapping infrastructure. Local developments for special market requirements are also to be handled directly on site.
“The cooperation with Phoenix EV represents a significant step for the Aiways brand. With its initial volume of 100,000 units, plus the option of 50,000 more, the order is a real milestone and the foundation for our Southeast Asia strategy,” explained Dr. Alexander Klose, Executive Vice President Overseas Operations at Aiways, after signing the contract.
Aiways is already expanding into European market. The Chinese electric vehicle maker is taking orders for its U5 all-electric SUV from European consumers from the end of April 2020 and the Aiways U6 SUV-Coupé have entered the last phase of testing ahead of market launch in Europe.