HiPhi
HiPhi reportedly to resume production soon after securing new financing
HiPhi has recently received a strategic investment from a Hong Kong-based organization that will help it resume operations and production, which could happen in late April or early May, according to local media.
HiPhi may have struck restructuring deal with Changan's EV arm Avatr, report says
Avatr has approached HiPhi and may have struck a partnership deal, with the two now reorganizing their teams, according to local media.
HiPhi refutes Faraday Future's allegations of trade secret infringement
HiPhi said that the X, Y and Z series models that have been mass-produced were developed by the company itself, or jointly with supplier partners, and have its own intellectual property rights.
Faraday Future sues HiPhi founder in China for alleged trade secret infringement
Faraday Future seeks monetary damages and demands that HiPhi's parent company, Human Horizons, immediately stop infringing on its trade secrets related to the FF 91.
HiPhi in touch with Changan for takeover talks, report says
HiPhi began production halt on February 18 -- the first working day after the Chinese New Year holiday -- sparking fears about its fate.
HiPhi founder apologizes to employees, says firm has only 3-month window left
Ding Lei said that he was using old-fashioned business strategies and was no match for his counterparts from Internet companies. He also said that there have been companies expressing interest in HiPhi, including acquisitions and investments.
Li Auto CEO calls on China to establish mechanism to facilitate M&As between automakers
Li Auto CEO calls on China's policy makers to establish a mechanism to facilitate mergers and acquisitions between auto companies, amid widespread discussions over HiPhi's production halt.
Premium Chinese EV brand HiPhi halts production for 6 months
Employees will be paid as usual until February 18, and after March 15 only HiPhi employees in Shanghai will receive basic pay, according to local media.
Saudi Arabia's sovereign wealth fund in talks to invest in Chinese EV maker Human Horizons, report says
Saudi PIF could invest at least $250 million in Human Horizons at a valuation of $3 billion, and a deal could be reached as early as this year, according to Bloomberg.
Premium Chinese EV brand HiPhi reportedly making massive layoffs
Rumors on Chinese social media said HiPhi will lay off up to 20 percent of its workforce and up to 50 percent in some divisions.