how”News electric cars” Reports that the troubled company Human Horizons, known as the parent company of the luxury electric car brand HiPhi, has filed for bankruptcy. In addition, an application for preliminary reorganization has been filed with the relevant court in the Yancheng Economic and Technological Development Zone.
Human Horizons faces a difficult task: a strategic restructuring must be carried out within the next six months. If necessary, this period can be extended by three months. He was no longer able to pay his bills from the end of April 2024. Production stopped in February 2024, and from mid-March employees only received basic wages.
However, a strategic cooperation agreement with iAuto Group in May 2024, which promised an investment of $1 billion, could give new hope. Whether the iAuto Group is financially stable enough remains to be seen.