HiPhi Auto receives strategic investment and is expected to resume production in late April or early May

According to the latest news, HiPhi Auto has recently received strategic investment and is expected to resume production at the end of April or early May. The support of Hong Kong investors has enabled HiPhi's sales department to resume work, and HiPhi Auto stores in Ningbo have begun to invite car owners to test drive. At the same time, HiPhi stores in core areas of Shanghai are also actively preparing. HiPhi Auto plans to launch a new model after resuming work. The model is based on HiPhi Y, with increased configuration but lowered price. In addition, HiPhi's negotiations with FAW Group are progressing smoothly. FAW Group has conducted due diligence on HiPhi Auto to understand its financial status, legal relationships, risk factors and other information before the acquisition.