German Finn.Auto buys 500 Aiways 5
The Munich-based car subscription provider Finn.Auto has just bought some 500 units of the Aiways U5, a Chinese-made electric SUV. The first 150 vehicles will be delivered to Finn.Auto over the next three months.
Finn.Auto says it plans to offer the U5 on a flexible subscription basis with immediate effect. This should support sales for the Chinese electric car startup in Germany. The car subscription provider already has a few electric vehicles on offer. However, it’s not clear yet if and when it wants to expand its services outside Germany.
At the moment, the U5 was not yet listed on the provider’s website, so it is not yet possible to say what the monthly subscription rate will be. The Fiat 500e Icon and the Hyundai Kona Elektro are currently the cheapest vehicles on offer for € 329 and € 359 a month, respectively.
One could estimate the monthly rate for the U5 in view of the other models in this price segment, but that’s not so easy. Finn.Auto offers the BMW i3 from €409 per month, and the vehicle is listed in the German BMW price list at 39 900 euros.
The Tesla Model 3 Standard Range+ costs € 43 560 before deduction of the environmental bonus in Germany and is offered by Finn.Auto for € 799 per month. Quite a large price difference.
At € 42 050 euro list price in Germany, the Aiways U5 sits in between those two premium offerings, but we reckon that the subscription price will be much closer to that of the BMW.
“Push the e-car”
“With the Aiways U5, we are pleased to be able to offer our customers another attractive and powerful electric vehicle with an innovative battery technology,” says Finn.Auto founder Max-Josef Meier.
“Our mission is not just to make mobility with your own car as simple and straightforward as buying shoes online. We also want to push the e-car issue. The subscription solution is attractive and can be spearheading the introduction of electromobility,” Meier concludes.
Finn.Auto is a German start-up (October 2019) and provides an ‘all-inclusive’ car subscription. Clients can change cars or stop their subscription whenever they want. At the moment, it has some 80 different models to choose from. Their most important clients are small and middle-sized companies.
The company is compensating for the CO2 emissions of its cars with certified climate protection projects. It guarantees its clients a sustainable way of transport, also when they still drive cars with internal combustion engines.
Aiways pushes ahead
The still very young Chinese carmaker Aiways says it has exported more than 2 500 units of its first model, the U5 electric SUV, to Europe so far. A coupe-shaped SUV, named U6, is in the pipeline. The Aiways U5 is currently offered in five European countries: Belgium, Denmark, Germany, France, and the Netherlands.
For 2021, the U5 has been slightly refreshed with new body colors, a sporty body kit, and some functional items like a rear hatch opening by leg movement, cable-free mobile charging, keyless entry, an additional charging cable, etc.
“Finn.Auto’s car subscription offers a new brand like Aiways a flexible entry into the market to attract customers to our Aiways U5,” says Alexander Klose, executive vice president for Aiways’ international business.
“With Finn.Auto, we want to tap into additional customer groups and get more customers excited about our products, also future ones. Looking for new, intelligent techniques in approaching new clients is an integral part of Aiways. Cars are not just a means of transport anymore but a way of (extended) living,” Klose argues.