{"id":82538,"date":"2025-05-22T10:49:19","date_gmt":"2025-05-22T14:49:19","guid":{"rendered":"https:\/\/autosector.com\/?p=82538"},"modified":"2025-05-22T10:49:19","modified_gmt":"2025-05-22T14:49:19","slug":"hiphi-financially-rescued-ev-electra-bev-development-resume","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=82538","title":{"rendered":"HiPhi financially rescued by Lebanon’s EV Electra, BEV development to resume soon"},"content":{"rendered":"
\n\t\"HiPhi\"<\/figure>\n

Remember HiPhi<\/a>, the ultra-futuristic EV brand led by Human Horizons? It\u2019s been over a year since the company went on a six-month hiatus after failing to find additional funding, but it has reportedly found a savior in a Lebanese investor called EV Electra. EV Electra is taking over a majority stake and plans to resume vehicle development and production in China immediately.<\/p>\n

<\/p>\n

HiPhi was a radical EV marque founded by Chinese startup Human Horizons over five years ago. The startup wowed us early on with a production-ready version of its flagship model, the HiPhi Z GT, complete with automatic suicide doors<\/a> and a robotic touchscreen that moves independently.<\/p>\n

The Z was joined by two robot-centric EV models, the HiPhi X \u201cSuper SUV\u201d and the HiPhi Y \u201cLuxTech SUV,\u201d The Z and X EVs were actually certified for sale in Europe<\/a> while Human Horizons teased a fourth model \u2013 a carbon fiber hypercar called the HiPhi A<\/a>.<\/p>\n

In early 2024, HiPhi showed its EV models weren\u2019t just about robotic arms and futuristic designs, but could actually perform. The HiPhi Z shone during a winter range test<\/a> in total distance traveled on a single charge and had the lowest range loss compared to what its makers advertised.<\/p>\n

\tAdvertisement – scroll for more content<\/span><\/p>\n

Shortly thereafter, however, things went dark. During Chinese New Year, HiPhi announced a six-month shutdown while it searched for more funding. Human Horizons would fail in its search, resulting in the layoffs of most of its staff. That was over a year ago, but the lights at HiPhi\u2019s Chinese manufacturing facility look like they\u2019re about to be turned back on by a foreign financial backer with a cloudy history of its own.<\/p>\n

\"HiPhi
Source: EV Electra<\/figcaption><\/figure>\n

EV Electra already has HiPhi models on its website<\/h2>\n

As reported by local Chinese media outlet 21jingi<\/a><\/em>, multiple independent sources have stated that HiPhi has received an investment of $100 million from EV Electra, a Lebanese company founded in 2017 by Jihad Mohammad, claiming on its official website to be \u201cthe first electric car manufacturer in Lebanon and the Arab world.\u201d<\/p>\n

The reports appear accurate, as HiPhi\u2019s three production models now appear on EV Electra\u2019s website (pictured above). According to independent sources, EV Electra intends to help HiPhi maintain its previous production capacity of 150,000 units per year at its facility in Yancheng, Jiangsu province, China.<\/p>\n

Furthermore, that facility has reportedly already begun the necessary environmental assessment to resume EV production. Former HiPhi employees who did not sign a voluntary resignation agreement are reportedly being invited back to the company, but they are expected to see a 20% pay cut.<\/p>\n

As of May 2022, Jihad Mohammad is the legal representative for HiPhi. EV Electra Ltd. owns 69.8% of the brand, while Human Horizons maintains the remaining 30.2%.<\/p>\n

EV Electra\u2019s website is quite confusing <\/a>as it states it has a presence in Canada, Italy, Germany, Turkey, and China, yet its locations page lists footprints in Montreal, Lebanon, and Sweden. In 2023, Swedish media accused EV Electra of passing images of other OEMs\u2019 vehicles off as its own<\/a>, including the Skywell ET5, the K-1 Attack Rise, and SP:01 from Detroit Electric. <\/p>\n

Per its website, EV Electra currently offers four very different models, which are built in Italy, specifically for Lebanon, I believe? This company is unique and confusing, to say the least. Hopefully, HiPhi has found a savior in EV Electra in a deal that works out for both parties. I\u2019m not optimistic at this point.<\/p>\n

\n

FTC: We use income earning auto affiliate links.<\/em> More.<\/a><\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Remember HiPhi, the ultra-futuristic EV brand led by Human Horizons? It\u2019s been over a year since the company went on a six-month hiatus after failing to find additional funding, but it has reportedly found a savior in a Lebanese investor called EV Electra. EV Electra is taking over a majority stake and plans to resume […]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/82538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=82538"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/82538\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=82538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=82538"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=82538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}