But the company does not deny that negotiations can be conducted
Avatr has released an official statement saying that the company denies news of the purchase of HiPhi.
Interestingly, the company does not deny that it may be negotiating with HiPhi about such an acquisition, so the announcement may simply be delayed.
«A message has appeared on the Internet that Avatr has confirmed the acquisition of HiPhi, I would like to clarify that this information is false», — said Avatr representative.
It was previously reported that Avatr had reached an agreement to merge and acquire HiPhi, which will resume operations this month.
In February, the manufacturer of avant-garde electric vehicles HiPhi, which are also sold in Russia, announced the cessation of car production for six months, as well as a reduction in payments to employees.
Because of the futuristic design and full of technology, HiPhi Z cars are compared by many to spaceships.