(Yicai Global) April 12 -- Aiways Automobile has told employees that the Chinese new energy vehicle startup will postpone paying March wages due to ‘objective reasons.’ It follows a similar delay in February.

“There is a delay in salary payments, but the company continues to operate as normal,” Shanghai-based Aiways said yesterday. It did not say when March wages will be paid but in February, salaries were paid seven days late.

Aiways, which is backed by internet giant Tencent Holdings, runs a research and development center in Shanghai, a methanol-to-hydrogen research center and production base in Denmark as well as a European sales center and a R&D center in Munich, Germany.

Shenzhen-based Tencent pumped in CNY1.2 billion (USD174 million) in October 2017. Other investors in the startup include Mingchi New Energy Innovation Investment Center, which invested CNY1 billion in May 2019, ridehailing firm Didi Chuxing Technology and battery giant Contemporary Amperex Technology.

Editor: Kim Taylor