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HiPhi, Premium Chinese EV Brand, Halts Production for 6 Months

1 min read
Source: CnEVPost
HiPhi, Premium Chinese EV Brand, Halts Production for 6 Months
Photo: CnEVPost
TL;DR

Premium Chinese EV brand HiPhi has announced a six-month production halt, with employees to be paid as usual until February 18 and only basic salaries to be paid after March 15, affecting both current and future models. The company had previously postponed January salaries, canceled year-end awards, and implemented pay cuts. This move comes amid rumors of layoffs and financial difficulties, signaling further challenges in the competitive Chinese EV market.

Topics:businessbusiness-automotive#business-automotive#chinese-ev-market#electric-vehicles#hiphi#layoffs#production-halt
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  1. Premium Chinese EV brand HiPhi halts production for 6 months  CnEVPost
  2. Chinese EV Maker HiPhi Suspends Operations for Six Months  Bloomberg
  3. HiPhi halts all production with immediate effect in China  CarNewsChina.com
  4. Chinese EV Start-up HiPhi Halts Production for Six Months  Pandaily
  5. Is HiPhi about to go bust?  CarNewsChina.com

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