Lifan's Rumored Acquisition of HiPhi and HiPhi's Updates
TapTechNews June 28th news, according to Cai Lian News, in response to the industry rumor that Lifan plans to acquire HiPhi, the HiPhi Automobile side responded by saying, At this stage, we cannot make any comments or explanations on any un达成 written agreement transactions and negotiations.
TapTechNews found out that the car media Automotive Major Events posted this afternoon that HiPhi Automobile will usher in a white knight - Lifan Technology, which may (turn HiPhi) into the next Seres.
The predecessor of Lifan Technology is Lifan Shares, which started to produce motorcycles in 1992 and was continuously selected as one of the top 500 Chinese enterprises for many years, and was also the first private passenger car manufacturing enterprise listed on the A-share market in China.
However, due to subsequent insufficient technical experience, company's wrong decisions, and serious financial violations and other situations, Lifan Shares filed for bankruptcy reorganization in 2020. It was not until April 26, 2021 that Lifan Shares changed its name to Lifan Technology to remove the crisis of bankruptcy delisting.
After announcing stopping work and production for 6 months on February 18th, on February 27th, Ding Lei, the founder of HiPhi, went to Chongqing to visit Changan Automobile and met with the chairman of Changan Automobile, Zhu Huarong. In addition, it was once reported by netizens that HiPhi Automobile ushered in a white knight, and AWTAR has reached a merger agreement with HiPhi. But the PR department of AWTAR responded regarding the rumor of taking over HiPhi Automobile that this information is not true.
Since then, HiPhi Automobile has continuously spread news such as accepting strategic investment from a Hong Kong institution and the establishment of a restructuring studio by Human Horizons. In May this year, the HiPhi side once said, HiPhi has been working hard and continuously promoting (resumption of work and production) related work.
