Just before the beginning of the marketing of the U6, the production lines were stopped / Kenan Cohen
More than half a year has passed since the Chinese car manufacturer Eways announced that it stopped its production activities due to financial difficulties and the company continues to try to get the dose of oxygen that will allow it to return to activity.
A Reuters report indicates that in talks about raising the necessary funds, the company is proposing to investors to shift its focus to exports only, an area in which the manufacturer has mainly operated since it was established in 2017. This is a channel that will allow it to take advantage of its initial penetration into the European markets as well as avoid the raging price wars in the Chinese market in the field of electric vehicles. A turbulent arena where more than 80 small, medium and large manufacturers operate.
Eways is owned by the telecommunications company Tencent, the cooperative vehicle company DIDI and the battery manufacturer CATL.
The U5 model with it entered, with some success, the local market/Kinan Cohen
As of the time of the production stop and renewal, the manufacturer's model offering includes the U5 and U6, two electric crossovers that are actually based on the same platform. They differ mainly in the exterior design in which the U6 gets a sportier look and also presents a different cabin.
According to other reports, part of the amount raised will also be used to continue developing a third, smaller and cheaper model of the manufacturer whose price may be around 25 thousand euros, or roughly 150 thousand shekels in Israel. It's a model that could bring it into the emerging and heating up field of relatively popular electric crossovers. One that is currently dominated by BYD Dolphin and Geely Geometric C in Israel, but with the intention of European manufacturers to enter it, as in the case of Skoda.
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Thousands of orders were canceled in Israel/Keenan Cohen
In the Israeli market, the U5 had a fairly successful entry, with approximately 2,100 units sold in two years of marketing the model, a good number for an unknown Chinese electric manufacturer that was sitting under a new importer in the private vehicle sector. Much of this success was due to the establishment of a high-level service system and a dedicated car application.
When the company ran into difficulties about 10 months ago, there were more than 1,000 orders that the importer, the Belilios Group, had to inform customers that it would not be able to deliver due to the halt in production. As of today, even if production is resumed, the importer does not expect to resume imports to Israel, as it will be done in relatively limited quantities. However, the renewal of production will increase the availability of spare parts for the owners of the existing cars, mainly of body parts and the passenger compartment of the car.
The Belilios group is also the representative in Israel of the CATL batteries used in the models. In addition, there is also a fairly short period of time for the start of the import of another Chinese electric vehicle brand NETA, which is also delayed for the time being.
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