HiPhi fell on tough times shortly after launching its EVs in Europe. The small car manufacturer has halted production for six months and needs a lifeline. Avatr is owned by Changan, itself a state-owned carmaker in China. Just as rumors began circulating on Monday regarding a potential rescue of Chinese electric vehicle startup HiPhi by fellow EV maker Avatr, the state-owned automaker swiftly refuted the news of its intention to buy the company. A company spokesperson dismissed the reports,... Read this story
