HiPhi Faces Production Halt and Financial Woes

Chinese EV brand HiPhi, a subsidiary of Human Horizons, is facing a severe financial crisis, leading to a halting of production for six months Despite having released three impressive models, the company's financial troubles have led to widespread speculation about its future There were rumors about Avatr potentially coming to HiPhi's rescue, but Avatr has officially refuted claims of intending to purchase HiPhi. HiPhi's current predicament has also spurred conjecture after its founder, Ding Lei, was seen visiting a Changan facility and meeting with its chairman in February, which has triggered speculation about the possibility of a partial acquisition by Changan This production suspension has created uncertainty for the employees of HiPhi as well as cast doubt on the brand's ambitious expansion plans in Europe.