PRESS RELEASE
9 July 2019

DeHeng Advised AIWAYS Auto Co., Ltd. "B" Round Financing

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DeHeng Law Offices

Contributor

DeHeng Law Offices logo
DeHeng Law Offices is one of the leading law firms providing comprehensive legal services. It was founded in 1993 as China Law Office and was renamed in 1995 as DeHeng Law Offices, reflecting the firm's evolution from an institution of the Ministry of Justice to rapid emergence as an independent, private law firm with 37 domestic and foreign branches and over 2,500 legal service professionals.
AIWAYS Auto Co., Ltd. ( "AIWAYS" ) completed its RMB 1 billion "B" round financing in May 2019. The investor was Shangrao Mingchi New Energy Innovation Investment Center ( "Mingchi Fund" ), a special fund...
China

AIWAYS Auto Co., Ltd. ( "AIWAYS" ) completed its RMB 1 billion "B" round financing in May 2019. The investor was Shangrao Mingchi New Energy Innovation Investment Center ( "Mingchi Fund" ), a special fund set up by Jiangxi Provincial Development and Upgrading Guidance Fund to invest in AIWAYS. DeHeng has provided long-term legal services for AIWAYS' financing needs, including its Pre-A round financing, "A" round financing and this "B" round financing.

AIWAYS, a smart travel service company with deep involvement of users, is committed to the innovative application of smart technology to scenarios involving people, cars, travel and life style. In November 2018, AIWAYS released its first manufactured pure electric SUV, AIWAYS U5. At present, phase-I of the new plant of AIWAYS in Shangrao, Jiangxi has been put into operation.

As the legal counsel for AIWAYS, DeHeng formed a project team headed by DeHeng Shanghai office partner Yuan Lina and comprising attorneys Hu Tongting and Hu Xiaofeng, and provided professional, comprehensive, quality legal services for AIWAYS' B round financing. The scope of services includes the issuance and revision of a full set of transaction documents as well as comprehensive advices for the legal issues involved in this transaction.

Contributor

DeHeng Law Offices logo
DeHeng Law Offices is one of the leading law firms providing comprehensive legal services. It was founded in 1993 as China Law Office and was renamed in 1995 as DeHeng Law Offices, reflecting the firm's evolution from an institution of the Ministry of Justice to rapid emergence as an independent, private law firm with 37 domestic and foreign branches and over 2,500 legal service professionals.

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