Smart and Sustainable Electric Mobility
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.
The post HiPhi reportedly to resume production soon after securing new financing appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Avatr has approached HiPhi and may have struck a partnership deal, with the two now reorganizing their teams, according to local media.
The post HiPhi may have struck restructuring deal with Changan's EV arm Avatr, report says appeared first on CnEVPost.
For more articles, please visit CnEVPost.
HiPhi began production halt on February 18 -- the first working day after the Chinese New Year holiday -- sparking fears about its fate.
The post HiPhi in touch with Changan for takeover talks, report says appeared first on CnEVPost.
For more articles, please visit CnEVPost.
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.
The post HiPhi founder apologizes to employees, says firm has only 3-month window left appeared first on CnEVPost.
For more articles, please visit CnEVPost.
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.
The post Premium Chinese EV brand HiPhi halts production for 6 months appeared first on CnEVPost.
For more articles, please visit CnEVPost.
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.
The post Premium Chinese EV brand HiPhi reportedly making massive layoffs appeared first on CnEVPost.
For more articles, please visit CnEVPost.
