Changan Corporation, which is on the verge of bankruptcy, may be the buyer of Chinese automobile company HiPhi. In this respect reports carnewschina.com.
Before this, information emerged that Changan had purchased 51% of HiPhi shares, but the company denied this and explained that for now we are only talking about the possibility of acquisition.
It happened before that knownHiphi, a Chinese premium electric car maker popular in Russia, has stopped operating for six months at its only factory in the city of Yancheng, north of Shanghai, the company said.
Journalists were able to access an internal memo that Hiphi sent to its employees via WeChat messenger. The report states that the plant entered the phase of shutting down production for a period of six months, starting from February 18. Workers are prohibited from entering the factory. While employees are promised that their January salaries will be paid at the end of February, the payment deadline for the days worked in February will be determined later.
Previously reportedThe first batch of Lada Iskra cars was launched in Russia.