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23 Feb
02:17

HiPhi founder in talks with potential investors

Chinese troubled high-end NEV company HiPhi is in discussion with “many potential investors” for a financial rescue, according to its founder and ceo Ding Lei.   In a recent public appearance at the company’s Shanghai headquarters, he apologised to employees and admitted that his old business strategy was unable to compete with other companies. This was the first time he was reportedly seen after entering a six-month production cut earlier t…
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