Core Viewpoint - The article discusses the complex and uncertain situation surrounding the revival of HiPhi (高合汽车) under the investment of EV Electra Ltd., a Lebanese electric vehicle company that has yet to sell any cars since its establishment in 2017. The partnership raises questions about the viability of HiPhi's revival and the credibility of EV Electra as a potential savior in the Chinese market [3][4][6]. Group 1: EV Electra's Background and Operations - EV Electra was founded in 2017 and has not sold any vehicles to date, despite attempts to launch its Quds series and acquire other automotive projects [3][12]. - The founder, Jihad Mohammad, has a complicated background, with a focus on cryptocurrency rather than vehicle production, which raises concerns about the company's commitment to the automotive sector [3][12][20]. - EV Electra's business model appears to prioritize cryptocurrency ventures, including the issuance of a token (EVET) for fundraising, rather than actual vehicle production [18][20]. Group 2: HiPhi's Acquisition and Revival Efforts - The acquisition of HiPhi by EV Electra was sudden and marked by a lack of transparency regarding the terms of the agreement, with EV Electra holding a 69.8% stake in the new company [6][7]. - The new HiPhi company was established with a registered capital of approximately $143 million, but the actual funding commitments remain uncertain, raising questions about the feasibility of the revival [6][8]. - Despite the announcement of environmental assessments for production facilities, the timeline and legitimacy of these efforts are questionable, as they predate the establishment of the new company [8][10]. Group 3: Market Challenges and Financial Issues - The Chinese electric vehicle market is experiencing a price war, leading to declining average prices and increasing competition, which poses significant challenges for HiPhi's potential revival [25]. - HiPhi's debt situation is severe, with liabilities exceeding $22 billion and assets only around $8.5 billion, complicating any recovery efforts [24][25]. - The article suggests that even with foreign investment, HiPhi and other struggling companies in the sector face significant hurdles in achieving a successful comeback in the current market environment [21][25].
高合可能被骗了
虎嗅APP·2025-06-14 03:23