Famous Chinese EV brand that went bankrupt is saved by American investors

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In breaking developments, iAuto has stepped in to rescue HiPhi through an extensive strategic collaboration pact. Under this arrangement, a staggering $1 billion investment is earmarked for Human Horizons, the parent company of the HiPhi marque. While the agreement was formally inked on May 10, the news has only just surfaced, as per a recent press release.

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