Chinese EV brand HiPhi rescued by Lebanese investor

Defunct Chinese electric vehicle (EV) brand HiPhi is set to resume operations after more than a year of inactivity, following a US$100m capital injection from Lebanese company EV Electra. The automaker’s factory in Jiangsu province will restart production of HiPhi’s original models, maintaining its original annual capacity of 150,000 units.

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Originally posted on: https://www.automotiveworld.com/news/chinese-ev-brand-hiphi-rescued-by-lebanese-investor/